Under the auspices of its Intergovernmental Groups on Grains and Rice , FAO invited all its members to Rome for an extraordinary meeting in September 2010 to discuss the troubled market conditions and to stimulate a coordinated response . While the event failed to yield any immediate results , it can be credited for triggering constructive discussions that eventually led to the creation of AMIS . The meeting acknowledged that unexpected price hikes and volatility were “ amongst major threats to food security and that their root causes need to be addressed . ” In particular it recognized “ the lack of reliable and up-to-date information on crop supply and demand and export availability ” as well as “ insufficient market transparency at all levels including in relation to futures markets ” among the main drivers of the most recent disturbances in world food markets . It further emphasized the need “ to enhance market information and transparency ” , calling for improved “ monitoring of planting intentions , crop development and domestic market information . ” These ideas were taken up during the G20 Summit in Seoul in November 2010 , which asked a number of international institutions to identify the best ways to manage and mitigate risks of food price volatility without distorting markets . The ensuing report was presented to the French Presidency of the G20 in June 2011 , concluding with a list of ten recommendations , among which to establish AMIS . In the final declaration of the G20 Summit in Cannes , heads of state and government of the G20 countries stressed the importance of improving " market information and transparency in order to make international markets for agricultural commodities more effective . " In order to address these challenges , they decided to launch AMIS that was officially inaugurated in September 2011
G20 Summit in Cannes
2011 G20 Cannes summit
Agricultural Market Information System