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AMIS praised for early release of global forecasts

07 Oct 2016

Speaking at a side event of FAO's Committee on Commodity Problems, the Deputy Minister of Agrarian Policy and Food of Ukraine, Ms. Olena Kovalova, praised AMIS for providing the first global forecasts already in April of each year. This is slightly earlier than other international data providers, she explained. The AMIS Market Monitor was mentioned as a key information resource in this regard.

Ms. Kovalova reconfirmed her country's commitment to AMIS and the goal of enhanced market transparency. In fact, one of the main reasons to participate in AMIS was to "improve the transparency of [Ukraine's] own grain market and introduce a practice of regular monthly grain market discussions", the Deputy Minister explained.

Reflecting on the first five years of the AMIS initiative, Ms. Kovalova acknowledged the tremendous progress in improving "the predictability [of] market and policy conditions at global level."

Ukraine is one of seven non-G20 countries that have been invited to participate in AMIS based on their leading role in global agricultural markets.