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Assessment and forecasting of the global grain market is an important component to ensure global food security, says Olena Kovaliova at the AMIS Rapid Response Forum in Geneva

published 25 February 2019 13:36

For many years, Agricultural Management Information System (AMIS) has been the leading institution aimed at increasing the transparency and predictability of the global grain market in the context of securing global food security", said Deputy Minister of Agrarian Policy and Food of Ukraine Olena Kovaliova during the 8-th session of the AMIS Rapid Response Forum in Geneva (Switzerland) on February 25.

"Due to current market challenges and the overall goal to provide food security, the role of the AMIS information platform is increasing year by year. Ukraine, as one of the key players in the grain market, attaches great importance to sustainable and predictable development of the agrarian sector, as well as to a coordinated policy in the international market of agricultural and food products", commented Olena Kovaliova.

Thus, during the Forum, short-term prospects (AMIS) and 5-year IGC forecasts for the development of the global grain market were discussed. Separately the parties focused on the reassessment of historical indicators of the production of grain crops in China and the implications for world stock estimates and the use as animal feed.

"Among essential things are an open dialogue and information exchange between the key stakeholders of the grain market. Ukraine, in turn, remains a stable and reliable partner and an exporter of agricultural products. In the current marketing year, we expect grain exports from Ukraine to reach 49 million tons", added the Deputy Minister.

Background 

Agricultural Management Information System (AMIS) is an inter-agency platform to enhance food market transparency and policy response for food security (launched on the initiative of the G20 Agriculture Ministers) during the slump.   

The system is aimed at collecting, analyzing and disseminating the following information: on national and international markets for agricultural products; agricultural and rural development policy; international market conditions; the potential of countries as agricultural producers. Market research, data preparation and forecasting are carried out in four main groups: wheat, maize, rice and soybeans.

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