Stocks-to-use ratios as indicators of vulnerability to spikes in global cereal markets — AMIS

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In 2011, the FAO, IFAD, OECD, UNCTAD WFP, World Bank, WTO, IFPRI, and the UN HLTF established an Agricultural Market Information System (AMIS) in order to enhance the quality, timeliness and reliability of food market outlook information. One objective was to provide the basis for global food market alerts to price surges and more timely and effective policy responses to market developments. Another was to build data collection capacity in developing countries. This paper addresses the challenge of how best to utilize available global information (in particular the imperfect information on global stocks) in order to strengthen global capacity to issue early warnings of possible price volatility, and thus enhance food security and emergency
policy responses to threats to food security.