Subscribe & Follow
Jobs
- Customer Service (UK Market) Work from Home Nationwide
- Junior Farm Supervisor Potchefstroom
FAO backs strategic food stocks to help stabilise prices
![FAO backs strategic food stocks to help stabilise prices](https://biz-file.com/c/1209/113820.jpg)
After meeting French President Francois Hollande in Paris, FAO chief Jose Graziano da Silva said the food agency "fully supports this initiative" proposed by France which had previously been discussed by the G20 group of the world's richest and biggest emerging economies.
"That would be a very good message, especially for small farms, if we started to have stocks for food security," said Graziano da Silva.
He added that the second half of the year "will be a very good moment" to establish these stocks as "a very good harvest" is expected which would lead to a drop in prices.
"We know from our previous experience that it's impossible to have food security in one country. We need food security for all," he said.
"If we could have national and regional stocks combined that would be the best situation for the farms in the future, and the only way that we can face the volatility we face now in the markets," he added.
In addition the FAO and the French agriculture ministry have called for a rapid reaction forum created by the G20 to hold a meeting in Rome of agriculture ministers in mid-October, around World Food Day, the two said in a joint statement.
The forum set up at the G20 summit in June 2011 in Paris aims to coordinate policies in response to crises or tensions in global food markets.
Global food prices remained steady in August, the FAO said on September 6, but it warned that "the game is not over" as it was only the beginning of the harvest season.
Source: AFP
Source: I-Net Bridge
![](https://biz-file.com/b/1206/36520.gif?3)
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za![](https://cdn.bizcommunity.com/f/2408/Loeries-Tote-bag-competition.gif)
![](/res/img/s.gif)