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Monday, 20 June 2011

G20 agriculture ministerial meeting

The Council endorsed draft EU guidelines for the G20 agriculture ministerial meeting of 23 June 2011. These guidelines set out the priorities for the EU as a whole and its members at the G 20 agricultural ministerial meeting which will take place on 23 June in Paris and will decide, on the basis of proposals in a report prepared by 10 international organisations, on an action plan to be endorsed by the heads of state. […] The EU will seek to:

  • increase agricultural production in the long run in order to match increased demand;
  • improve market information and transparency in order to increase predictability for governments and economic operators;
  • improve international coordination (for instance on trade, crisis prevention and management or other policies) in order to enhance confidence in international markets;
  • help develop innovative risk management tools in order to cope with price crises if they occur;
  • improve the functioning of agricultural commodities derivatives markets for consideration by
  • G20 finance ministers.

The work will focus mainly on grain markets (wheat, rice, corn and soya bean) because they are key commodities for food security.

Source: Council of Ministers