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United States, as Chair of the G20 Agricultural Market Information System Group, Confirms Agricultural Commodity Markets are Functioning

Rome, October 4, 2012

The United States, as Chair of the G20 Agricultural Market Information System (AMIS) group, has consulted with G20 and other experts at the October 3-4 regularly scheduled AMIS meeting in Rome. The U.S. concurs in the judgment of the G20 AMIS representatives that in light of the information available to us today, agricultural commodity markets are functioning and a meeting of the Rapid Response Forum is not necessary at this time.

Governments around the world, including large agricultural exporters in G20, have exercised prudence and responsibility in policy-making, including by avoiding export bans that exacerbated volatility in 2007–2008.

Source: United States Mission to the UN Agencies in Rome