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Sunday, October 6, 2013

World agriculture ministers to brainstorm on international food prices

Anthony Nwakaegho/NaijaAgroNet

 Agriculture Ministers from around the world would Monday, 7 October assemble at the headquarters of the Food and Agriculture Organisation (FAO) in Rome for the second ministerial meeting to brainstorm on international food prices.

NaijaAgroNet gathered from a news briefing hosted by FAO Director-General José Graziano da Silvawith that some 40 ministers and deputy ministers have confirmed their participation in the forum that is meant to pool knowledge on how to enhance the effectiveness of measures to address food security problems caused by international food price volatility.

It will recalled that the first meeting on food price volatility was held in October 2012 in response to the third spike in international grain prices in five year, although prices of cereals and oilseeds on international markets have fallen from the peaks reached in July 2012, they remain high and there are concerns that markets continue to be vulnerable to supply shocks.

“The event will be held on the first day of the 40th Session of the Committee on World Food Security (CFS), even though  the ministerial meeting is not part of CFS, it will allow CFS delegates to follow the proceedings,” he said.

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