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Thursday, 16 June 2011

New report examines how to better manage food price volatility

A new interagency report develops “options for G20 consideration on how to better mitigate and manage the risks associated with the price volatility of food and other agriculture commodities, without distorting market behaviour, ultimately to protect the most vulnerable”. The report was requested by G20 leaders at their summit meeting in November 2010 and submitted to the French Presidency of the G20 on 2 June 2011. The report, which was undertaken by FAO, IFAD, IMF, OECD, UNCTAD, WFP, the World Bank, the WTO, IFPRI and the UN HLTF, states that “trade is an essential component of any food security strategy”.

Source: WTO