29.7.12

Food price warning


With global food prices up 40% on average since last summer, there's a new consensus共識 among the leading nations that they should act together not only to try and secure supplies but to curb抑制 some of the causes of the volatility揮發性, not just in commodity trading商品交易 but on the streets as essential foods become unaffordable買不起 for some.

The G20 nations hope to calm food markets by agreeing greater transparency in how much dairy乳製品, grain糧食, rice or other foodstuffs食品 each country is producing.

Now strong demand需求 for farm foods seem likely to push up prices for years to come but President Sarkozy also blames指責 speculators投機者 for price hikes漲價 which have fuelled unrest 燃料動盪in the Middle East and North Africa but his demand for curbs on investors taking positions in food commodities商品 seem unlikely to get majority support.

But another idea that may not get traction牽引 in Paris is a plan for countries to hold, say, grain or rice stocks庫存 in reserve儲備. An idea seen as a throwback阻止 to the days when countries and not farmers controlled their own food production.
http://www.bbc.co.uk/worldservice/learningenglish/language/wordsinthenews/2011/06/110622_witn_food_prices_page.shtml

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