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The following article was published in our article directory on January 25, 2011.
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The Allied Proposed Regulating Agricultural Trade

Article Category: Business

Author Name: xia zihui

48 countries agriculture minister in Germany Berlin meeting after warning, agricultural market speculation and price fluctuations, and may threaten the global food supply security. They suggest, to control regulations formulated agricultural trade activities.
The French agriculture secretary Michael myers on Saturday start this round of meetings to tell a reporter, unless the trend of rising food prices get inhibition, including establish regulation control agricultural trade, otherwise will break out more food riots.

German agriculture minister Edgar natrium said: "food and agricultural products is not like other commodities. Sometimes the purity related to survival problems."

The United Nations world food prices data show that last year rose 25%, governments estimate spent at least $1 trillion to import food, among poor countries 20% higher than spending in 2009. From Beijing to Belgrade government are increasing imports, limit sales or release supplies to curb inflation rate, Algeria and Tunisia this month, in part because of the riots and food prices are concerned.

Include Brazil, Russia and Japan in 48 countries agriculture minister in the joint statement released after the meeting say they worry about food price of excessive volatility, international agricultural market speculative activities, will threaten food security of supply.

Michael myers said France as 20 g7 presidency, will be proposed regulating "financial agriculture" market. Edgar natrium, said control scope may include limit prices and transaction scale.

Over the past 12 months, the Chicago mercantile exchange market wheat prices surged 65%, corn, soybean prices surged 79% was up by 50%. Prices because Russia happened about half a century the most severe drought, flood, and kazakhstan occurred in Canada, Europe and South America farmland dry.

The eu agriculture commissioner, said QiaoLuoSi agricultural commodities trading if can the transparency can "against those without any merchandise on hand, just for short-term profit on speculation man".

Agriculture ministers calls for 20 countries group leader "improve market transparency" and deal with price manipulation activities. Michael myers said: "we don't accept such agricultural commodity speculation, because it although make some people make money, has led to the rest of the poorer on earth."

In 2008, prices soared lead to Haiti, Egypt and so on more than 30 countries outbreak protests and violence.

Michael myers said: "to some developing countries, where agricultural prices is unbearable, they face the outbreak of food riots risks." He said: "unless we take necessary measures as soon as possible, otherwise similar situation in 2011 or 2012 again."
Michael myers pointed out that in the past two years, and agricultural products by investors increasingly favour, is causing the fluctuations in the price of reason. He said: "now in financial agricultural market grains, global cereal production quantity is 15 times... this is essential in attract eculators."

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