G20 attacked on food crisis plan

The US, Brazil and China have joined forces to water down the G20’s first-ever communiqué on agriculture, defeating proposals to reduce the use of biofuels and export bans, which have contributed to close to record food commodities prices. The two-day meeting (22-23 June) came after France made food security and commodities regulation a centrepiece of its G20 presidency after the 2007-08 food crisis and the more than 36% spike in global food prices over the last year. The G20 ignored many of the recommendations of a report it commissioned by international bodies, including the World Bank, the FAO and the IMF, asking for policy ideas for the meeting on how to deal with rising food prices. Read more here.
Javier Blas

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: