A new vision for agriculture
momagri, movement for a world agricultural organization, is a think tank chaired by Christian Pèes.
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

G20 Summit: Sending a strong political signal to rethink global agricultural governance

20 June 2011

The G20 agricultural meeting is coming up. Journalists, experts and politicians are offering endless articles and declarations in preparation for this major event. As a matter of fact, Nicolas Sarkozy and its Agriculture Minister, Bruno Le Maire, have decided to tackle one of the most troublesome aspects of agricultural markets––excessive price volatility.

This June 22 and 23, Bruno Le Maire will thus try to convince his counterparts to approve five proposals to fight excessive price volatility:

    • Reinvesting in agriculture to improve yields and productivity,

    • Improving market transparency by implementing an AMIS (Agricultural Market Information System) database that lists all reserves of agricultural products by country,

    • Strengthening international cooperation to prevent blunt export bans, as was the case in 2010,

    • Establishing emergency reserves in developing countries, so they do not have to suffer from increased price volatility,

    • And lastly, fostering financial regulation of agricultural commodity derivative markets to curb speculation.
Reaching a consensus will not be a snap, considering the weight of issues related to food security and the different viewpoints of the various players involved. Some nations, such as Brazil, do not want to talk about market supervision, but instead advocate the development of demand. Others, such as the United States, are not favoring building up reserves. Lastly, while the implementation of a database on reserves of agricultural products seems to be a more feasible goal, its execution will require much time and effort from governments.

If there might be a along way before an agreement is reached, the decisions made during the G20 Summit will nevertheless send a strong political signal to the international community to rethink a global agricultural governance system on more solid foundations.

Page Header
Paris, 24 April 2019