Increasing food security concerns since Russia's invasion of Ukraine have put the European Union in action. The Union decided to establish a new information system to get up-to-date information on the production, trade and prices of key commodities, including grains and oilseeds. The European Commission announced its decision to collect data on grain, oilseed and rice levels from EU member states. The Commission has determined that to reduce supply disruption and price volatility in the EU, accurate information is needed on stock levels of grain, oilseed, rice and certified seed stored in each country.

The first notifications, which are planned to be updated monthly, are expected to be made by the end of July. Data will cover stocks as well as manufacturers, wholesalers and operators. The products to be included in the system over time are listed as wheat, barley, corn, rapeseed, sunflower, soybean and rice.

The European Commission is committed to providing a clear picture of the availability of these key ingredients for food and animal feed, as well as making the data available to ensure market transparency.