We shared last week about the UN’s Food and Agriculture Organization (FAO) stated how higher agriculture commodity prices are here to stay. Global warming has already raised food prices by as much as 20% and the global price for a basket of basic food is still 37% higher than it was this time last year.
After a two-day meeting, the G20 released their Action Plan on Food Price Volatility and Agriculture. Though this was the first time the agriculture ministers of the group have held a summit, reactions seem mixed but all have the same tone.
Below are some of the readings breaking down the G20’s action plan and discussing how this will have a global impact.
IRIN Global – FOOD: G20 not biting off more than they can chew
Guardian.co.uk – G20 agriculture ministers dodge the big questions on food prices
UN News Centre – UN agency welcomes G20 decisions aimed at boosting food security
You can read the G20’s report here, and let us know in the comments what your thoughts are regarding their plan. One step forward or two steps back?