Tuesday, August 14, 2012

"G20 Plans Response to Rising Food Prices" CNBC

"G20 countries are to step in to try and co-ordinate a response to surging food prices, after the worst US drought in half a century devastated crops in the world’s largest agricultural exporter."

"The UN is likely to use the meeting to push for a global debate about biofuel policies, particularly asking the US, the EU and other countries to scrap government-mandated production targets."

"Arif Husain, deputy head of vulnerability assessment at the World Food Programme in Rome, said: “This is the third price shock in the last five years.”


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