Tackle Export Bans to Ease Food Crisis |
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February 3, 2011
Listening to President Nicolas Sarkozy of France one can only fear for the G20 agenda for food security and commodities policy.
Listening to President Nicolas Sarkozy of France one can only fear for the G20 agenda for food security and commodities policy.
Vitriolic attacks on speculators seem to be at the centre of the discourse. But behind the rhetoric – which is mostly linked to domestic politics – lies an interesting agenda that could really help to mitigate the current spike in volatility and prices in agricultural commodities markets.
While most politicians focus on speculation, I strongly believe that the current spike in agricultural prices was exacerbated by policy – export bans – and lack of information, as no one really knows what the current level of stocks is.
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