AMIS - Market monitor

30 December 2020 |

Notwithstanding this month’s downgrading of production forecasts for all four AMIS crops, supplies are still considered adequate and trade flows remain robust. However, the resilience in global food markets continues to be in sharp contrast to the increased vulnerability to food insecurity of many economically disadvantaged countries in the wake of the prolonged COVID-19 pandemic. In addition to a fast diminishing purchasing power and domestic supply chain disruptions, higher international prices will raise the financial burden of food imports in many low-income food deficit countries.

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