France's proposal to reduce food prices gets backing from China and India and Brazil

India Brazil and China were among the G20 countries to back the French proposal on new rules for global agriculture at the meeting in Paris. Agriculture ministers from the United States, United Kingdom, Australia and Argentina have yet to make their decision public.

The proposals to limit export curbs and start a database would be “especially sensitive,” Le Maire said. Sarkozy said, World leaders risked making this “the century of hunger” unless they could agree to new rules on food supply. He also said that “Volatility is a plague on farmers and consumers,” Sarkozy said in a speech to the ministers yesterday. Surging commodity prices “can plunge entire populations into famine and poverty”. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers