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Thursday, 27 January 2011

International agricultural markets

The 3063rd Council meeting on Agriculture and Fisheries held in Brussels on 24 January 2011 was informed by the Commission on the current situation of the agricultural markets at the international level, as well as the state of play of the discussions in WTO and the future discussion in the G20 (5496/11). The current situation for foodstuffs is not comparable to the one in 2008: the prices are high but there is no depletion of stocks as it was the case two years ago. The G20 will initiate its work on the food security and the volatility of markets with the support of the Commission.

Source: Council on Agriculture and Fisheries