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France sees wide support to regulate food markets | EurActiv

France, which takes over the presidency of the Group of 20 most important economies in November, has made fighting speculation on commodities markets one of its priorities.

Its proposals have already been backed by Germany, and on Thursday Brazil and Italy threw their weight behind Paris.

In a joint statement, Brazil and France called for the setting up of global and regional stocks, greater regulation of derivatives on agricultural markets, and the creation of financial mechanisms - including price guarantees - to protect farmers from excessive price fluctuations.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Oct 15th, 2010 at 02:28:55 PM EST
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