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

Global Commodities Forum :
Towards increased transparency and governance

April 21, 2014

The fifth meeting of the Global Commodities Forum was held in Geneva, Switzerland, on April 7 and 8, 2014. Organized by UNCTAD, the Forum reiterated the commitment of the United Nations to fight the lack of transparency, and addressed the crucial issues regarding the dearth of governance, corruption, volatility and the protection of poor populations.

If the major traders declined the United Nations invitation to attend, they were nevertheless present a week earlier (April 1 and 2) in Lausanne for the Global Commodities Summit sponsored by The Financial Times. Whether that was due to a scheduling problem or the very sensitive topic, the absence of the major commodities trading firms did not go unnoticed.

Yet the forum provided an opportunity to point out that the issue of commodities is more relevant than ever in a context of political tensions, opaque financial flows and the lack of structuring policies at the national and international levels. According to the Revenue Watch Institute 2013 Resource Governance Index that assessed 58 countries, 80 percent of them do not meet transparency standards. Yet the financial daily AGEFI notes some progress and writes “The decline of the large multinational corporations has generated a fragmentation of value chains leading to initiatives by emerging nations to undertake their own trading.”

However, the facts remain. On one side, we have the supporters of a disengagement of financial players from some sectors such as agriculture, and on the other side, the traders and financial firms that more than ever feel cornered and restricted by regulations they deem ineffective and counter-productive.

While convening this Forum is indeed decisive, the sole awareness of the intrinsic risks concerning commodities is far from being sufficient. When will we move from the soft law phase to the implementation of binding measures that will no longer be left to corporate goodwill? The specific and strategic nature of agriculture demands it, at a time when the speculation on food products is being condemned, when derivatives are singled out for their lack of transparency, and when OTC markets are accused of increasing price volatility.

It is thus crucial to regulate financial markets in the framework of renewed global cooperation, in order to prevent, as much as possible, the development of non-ethical and erratic behaviors that could threaten the future of agriculture and global food security.

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Paris, 19 June 2019