Global Trade Seen Limiting Food Price Volatility |
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March 30, 2011
Increased global trade in agricultural commodities can help to limit world food price volatility, while trade restrictions help to fuel it, economists from the World Bank and European Union said on Wednesday.
Increased global trade in agricultural commodities can help to limit world food price volatility, while trade restrictions help to fuel it, economists from the World Bank and European Union said on Wednesday.
France is seeking greater international coordination to limit unilateral trade restrictions during its presidency of the G20 group of major economies this year, after Russia's ban on grain exports this summer sent world prices soaring.
"In our view, higher volumes of trade can help to mitigate volatility," said Willi Schulz-Greve, head of the economic analysis unit in the European Commission's agriculture department.
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