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

World Bank troubled by the volatility of agricultural prices

25 October 2010



Fearful that the agricultural commodity volatility on international markets will keep destabilizing developing countries, the World Bank decided to reactivate its Global Food Crisis Response Program (GFCRP), which aims to provide them with financial aid.

Established in May 2008 to assist nations hit by soaring food prices, the GFCRP supports food production by providing not only seeds and fertilizers, social welfare and school meal programs for the neediest, monetary transfers, as well as improving irrigation for small farmers.

Since then, the GFCRP has assisted 35 countries with a total budget of $1.2 billion. Today, the World Bank anticipates spending $760 million by June 2011.

“The International community is increasingly troubled by the volatility and uncertainty that prevail on agricultural markets,” said Robert Zoellick, President of the World Bank. “This concern has been aggravated by the recent hike in grain prices.” According to Ngozi Okonjo-Iweala, the World Bank Managing Director, the “high volatility” of agricultural prices should last until at least 2015.

Following the FAO, it is now the turn of the World Bank to worry about the volatility upsurge of agricultural commodity prices. Such position represents a strong sign of the threats currently looming on global balance because of the observed and anticipated tensions on agricultural markets. Such position also represents a new argument for agricultural market regulation, one of the key issues to be dealt with during the next G-20 summits.

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Paris, 24 April 2019