(AFA signed on to the call by AITP for the establishment of food reserves that is mentioned in the press release. -Admin)
September 23, 2010
Contact: Ben Lilliston, (612) 870-3416, firstname.lastname@example.org
Special UN Food and Agriculture meeting should put food reserves on the table
Reserves could help stabilize increasingly volatile agriculture markets
Minneapolis/Geneva – When the UN Food and Agriculture Organization (FAO) holds a special meeting on increasing volatility in agriculture prices on Friday in Rome, governments should consider the establishment of food reserves to help stabilize the marketplace, according to the Institute for Agriculture and Trade Policy (IATP).
Food reserves, which set aside food in times of plenty and release food in times of scarcity, can be established at the local, regional, national or international level. Traditionally, food reserves have helped to stabilize prices for both consumers and farmers. But a several-decade push for market deregulation has discouraged the use of food reserves in recent years.
IATP released a new report today, “Trade and Food Reserves” by Sophia Murphy, examining how international trade agreements treat food reserves. The report was written with the support of the EcoFair Trade dialogue. The report found that while World Trade Organization rules actually give countries plenty of flexibility to establish food reserves, trade rules do create obstacles to the public policies that would be needed for them to function effectively.
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