AMIS > Indicators > Stocks and utilization

About AMIS indicators

AMIS promotes a better understanding of developments in global food markets. A central task in this regard is to monitor market and policy drivers that impact on global food prices and their volatility.

What does it measure?

  • Stocks refer to global inventories, which are calculated based on the level of ending stocks at the close of national crop seasons of the individual countries.
  • The stock-to-use ratio is defined as the sum of ending stocks of all countries divided by their total utilization.
  • The stock-to-disappearance ratio is defined as the sum of ending stocks held by major exporters of a specific commodity divided by these countries’ domestic utilization and exports.

Stocks and utilization

Low stock levels have had a large impact on price volatility during recent food price surges. Stocks can provide an effective temporary buffer against an unexpected supply or demand shock, so estimating and monitoring their size at global level, especially as regards expected utilization, helps determine market risk. The stock level of major exporters is a particularly important indicator of available supply in global markets.