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Sunday, 19 April 2009 - G8, G5 farm ministers meet on food crisis
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    Read more with google mobile : G8, G5 farm ministers meet on food crisis

    Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: G8, G5 farm ministers meet on food crisis AFP - Sunday, April 19 CISON DI VALMARINO, Italy (AFP) - - Farm ministers from the world's leading industrialised and developing nations gathered Saturday for talks on overcoming a global food crisis that could worsen in these tough economic times. ADVERTISEMENT After the spike in world food prices last year, "there must be stricter rules against speculation... it is unacceptable to be able to get rich by manipulating contracts for basic goods," said Italy's agriculture chief Luca Zaia in a newspaper interview Saturday. "The first objective must be to increase productivity in developing countries," he told the daily Il Sole 24 Ore. The meeting of the G8 and G5 agriculture ministers is to run through Monday in Cison di Valmarino, near Treviso in the Veneto region of northeast Italy. It follows on last year's G8 summit in Japan, where heads of state and government instructed their farm ministers to come up with concrete proposals regarding food security and to find ways to limit food price volatility. Recession has cooled soaring prices which triggered food riots in some poorer nations last year, but officials say it is just a temporary situation. The food crisis could worsen in developing countries during the current economic downturn due to less investment in agriculture. According to the UN's Food and Agriculture Organisation (FAO), there are nearly one billion people who are underfed around the world. The ministers are also set to discuss forming a global partnership on agriculture and food. "The food situation is unacceptable and production will have to double by 2050 to feed a world with a population that will surpass nine billion," an official with the French delegation said. Non-governmental organisations say they are looking for definite plans for tackling the world's food crisis to come out of the talks. The meeting has "an important role to play and we hope the concrete decisions will be taken," especially "in support of investment in developing countries," said Chris Leather of the British charity Oxfam. "What is essential is that the G8 countries keep their promises," said Ambroise Mazal of the Catholic Committee against Hunger and for Development (CCFD). He noted that only 10 percent of the 22 billion dollars in aid announced at the FAO summit in Rome last June has been paid. The Cison di Valmarino meeting will aim to draw up a document that will be put to G8 leaders at their next summit in La Maddalena, Sardinia on July 8-10, hosted by Italian Prime Minister Silvio Berlusconi. The Group of Eight comprises Britain, Canada, France, Germany, Italy, Japan, Russia and the United States, while the Group of Five takes in Brazil, China, India, Mexico and South Africa. Ministers from Argentina, Australia and Egypt, as well as officials from major international institutions such as the African Union, the FAO and the World Bank, are also attending this weekend's meeting. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: World Blocked candidates could tarnish Haiti voteAP - 46 minutes ago UK-World SummaryReuters - 55 minutes ago Hardliners tipped to win Turkish Cypriot voteAFP - 1 hour 7 minutes ago Three dead in suspected US strike in PakistanAFP - 1 hour 21 minutes ago Americas summit ends amid hopes for US-Cuba tiesAFP - 1 hour 31 minutes ago Enlarge Photo Italian Agriculture minister Luca Zaia listens to questions during a press conference ahead of a meeting of the G8 and G5 agriculture ministers at Castelbrando castle in Cison di Valmarino, northern Italy. Farm ministers from the world's leading industrialised and developing nations gathered Saturday for talks on overcoming a global food crisis that could worsen in these tough economic times. Most Popular – World Viewed Mummies found in ancient Egypt burial chamber 'Dracula bandit' gets 20-yr jail sentence Police nab Norwegian pair during high-speed sex Ailing Citigroup returns to profit after heavy losses Britain's MI5 seeking real 'Q' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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