G20 agrees measures to tackle high global food prices

Agriculture ministers from the G20 group of nations have agreed a series of measures they hope will reduce food price volatility and boost supplies. In a communique following a two day meeting in Paris ministers said they would adopt a new collective rapid response system to help calm any spikes in prices.
Monday 27 June 2011 (7 years 1 months 19 days ago)
Like
Agriculture ministers from the G20 group of nations have agreed a series of measures they hope will reduce food price volatility and boost supplies. In a communique following a two day meeting in Paris ministers said they would adopt a new collective rapid response system to help calm any spikes in prices.

They have also agreed to look at new rules to tackle food price speculation. However, it remains to be seen whether these will be adopted. This is because any moves to target speculators in the food commodity markets will have to be agreed by G20 finance ministers at a later date.
France had led the call for tough action on speculation, while the UK has instead said that the focus should be on better aligning supply and demand of food products.

'Historic union'

Other polices agreed at the meeting include the creation of a new international agricultural market information system to improve access to food output statistics. In addition, the G20 has agreed to exclude humanitarian aid from export restrictions, and explore the implementation of humanitarian food aid stocks. Regarding biofuels agriculture ministers said they recognised the need for further analysis of the issue. There is controversy over whether biofuels contribute to higher fuel prices by using up land that otherwise could grow crops for human consumption.

http://www.bbc.co.uk/news/business-13893515

Related articles

Swine news

Article Comments

This area is not intended to be a place to consult authors about their articles, but rather a place for open discussion among pig333.com users.
Leave a new Comment

Access restricted to 333 users. In order to post a comment you must be logged in.

Not a registered user of 333?sign upand access swine prices, the search engine, ...
It is fast and free
Are you registered in 333?LOGINIf you've forgotten your password we'll send it to you here

tags

Swine News

Swine industry news in your email

You are not subscribed to this list

27-Jul-201820-Jul-201813-Jul-201806-Jul-2018

Log in and sign up on the list

Not a registered user of 333?sign upand access swine prices, the search engine, ...
It is fast and free
Are you registered in 333?LOGINIf you've forgotten your password we'll send it to you here