June 24, 2011

Ministers at the G20 Summit agree to fight the volatility of agriculture prices

Farm ministers from 20 of the most powerful economies today agreed an action plan to fight against the volatility of agricultural prices. "The need for market transparency and consistency with science-based rule-making systems among our nations and the international community is stronger than ever," said US Secretary of Agriculture, Tom Vilsack.

"Purposefully then, we support establishing the groundwork for an international agricultural market information system, or AMIS, that if fully supported and utilised, will mitigate volatility and reduce market distorting signals by promoting greater shared understanding of food production and price information." "This is a tour de force for the international community," French Minister of Agriculture, Bruno Le Maire added. 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

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