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Improving market information systems to inform policymaking

Joseph Glauber IFPRI-AMIS SEMINAR SERIES Facilitating Anticipatory Action with Improved Early Warning Guidance Co-organized by IFPRI and Agricultural Market Information System (AMIS) SEP 26, 2023 - 9:00 TO 10:30AM EDT

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Improving market information
systems to inform policymaking
Joe Glauber, IFPRI / AMIS
• Launched in 2011 as part of the G20 Action Plan on
Food Price Volatility and Agriculture
– Following price spikes of 2007/08 and 2010/11
– Export restrictions other disruptions
• Monitoring the supply and demand situation of main
food commodities: wheat, maize, rice and soybeans
• Promoting policy coordination among main producing
and consuming countries of these crops
Background
AMIS members
Supported by ten international organizations and entities
Organizational structure
AMIS activities
• Disseminating information
– Market Monitor (10x/year)
– Website/market information portal
– Webinar series (with IFPRI)
• Provide capacity building
• Providing a forum for market and policy discussion
– Information group meetings (2x/year
– Rapid Response Forum meeting (1+/year)
AMIS during market disruptions
• 2012 drought
– AMIS meeting to assess impact on price volatility
– Joint statement to calm markets
• COVID
– Monitoring of agricultural markets and polices
– AMIS statement on export restrictions
• War in Ukraine
– Convened emergency meetings of RRF
– Chairs’ statement regarding crisis
– Statement on export restrictions
Enhancing analytical capacity
• Despite improved contributions from members, key information
gaps remain: stocks, feed demand, more timely estimates of trade
data.
• COVID and Ukraine war has exposed need to improve scenario
analysis at a regional and country level.
• Research is needed to identify relevant indicators of market risk,
developing early warning tools, measuring effects of trade
restrictions, and expanding capacity to measure private stocks.
• Working with FAO, interest in integrating model-based analyses into
the AMIS work programme.
71st Session of the Committee on Commodity Problems
Side Event: Rome, 6 October 2016

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Improving market information systems to inform policymaking

  • 1. Improving market information systems to inform policymaking Joe Glauber, IFPRI / AMIS
  • 2. • Launched in 2011 as part of the G20 Action Plan on Food Price Volatility and Agriculture – Following price spikes of 2007/08 and 2010/11 – Export restrictions other disruptions • Monitoring the supply and demand situation of main food commodities: wheat, maize, rice and soybeans • Promoting policy coordination among main producing and consuming countries of these crops Background
  • 3. AMIS members Supported by ten international organizations and entities
  • 5. AMIS activities • Disseminating information – Market Monitor (10x/year) – Website/market information portal – Webinar series (with IFPRI) • Provide capacity building • Providing a forum for market and policy discussion – Information group meetings (2x/year – Rapid Response Forum meeting (1+/year)
  • 6. AMIS during market disruptions • 2012 drought – AMIS meeting to assess impact on price volatility – Joint statement to calm markets • COVID – Monitoring of agricultural markets and polices – AMIS statement on export restrictions • War in Ukraine – Convened emergency meetings of RRF – Chairs’ statement regarding crisis – Statement on export restrictions
  • 7. Enhancing analytical capacity • Despite improved contributions from members, key information gaps remain: stocks, feed demand, more timely estimates of trade data. • COVID and Ukraine war has exposed need to improve scenario analysis at a regional and country level. • Research is needed to identify relevant indicators of market risk, developing early warning tools, measuring effects of trade restrictions, and expanding capacity to measure private stocks. • Working with FAO, interest in integrating model-based analyses into the AMIS work programme.
  • 8. 71st Session of the Committee on Commodity Problems Side Event: Rome, 6 October 2016