A new vision for agriculture
momagri, movement for a world agricultural organization, is a think tank chaired by Pierre Pagesse, President
of Limagrain. It brings together, managers from the agricultural world and important people from external
perspectives, such as health, development, strategy and defense. Its objective is to promote regulation
of agricultural markets by creating new evaluation tools, such as economic models and indicators,
and by drawing up proposals for an agricultural and international food policy.
A look at the news

Argentina acknowledges the role of “financial games” in volatility

30 May 2011


As part of a preparatory meeting for the G20 Agricultural summit in Buenos Aires, the Argentine Minister of Economy Amado Boudou, acknowledged that “price volatility on raw materials originated from a short-term financial game.” An unexpected declaration.

In effect 20th May, while the Agriculture Ministers of the G20 debated rising food prices and whether or not to regulate agricultural markets, Argentina expressed the need for more regulation: “volatility on commodity prices undoubtedly needs more regulation.”

Argentina joins France, the United States and some European countries end emerging countries for greater regulation on financial markets. Already in April, a senior Brazilian official said he “agreed on the need to establish clearer rules for agricultural markets.”

These recent statements from Argentina are a positive signal to the international community. It now seems time for the sharing of views between historical agricultural powers and those of emerging agricultural powers on the need to improve market regulation without restricting them. The next G20 summit should be an opportunity to finally take firm steps on this issue.
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Paris, 23 May 2012