Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-448-000"
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"en.20110216.15.3-448-000"2
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"During the second half of 2010, the wholesale prices of agricultural produce increased by 32%. World grain consumption increased to 41 million tonnes between 2005 and 2010 compared to 21 million tonnes between 1990 and 2004. According to various analysts, a substantial food crisis in 2011 is a reality; it would take just a single failed crop. The biggest exporting countries Russia, Ukraine, China and Mexico have already been forced to import in order to ensure their supply. The reasons for the increase in prices are vague, and one can no longer talk about the trends of the agricultural produce market. Recent price increases have been dramatic and unpredictable as a result of various speculations. I would like to draw your attention to the fact that the growing use of biofuel is increasingly reducing the share of grain used for animal and human consumption. This has caused a very tense situation where we need to realise that increasing food prices lead to a growth in inflation, feed protectionism and cause unrest, all of which could lead to social, economic and political instability in Europe as well as globally. Europe, as one of the biggest importers of food products, has a great influence on global food prices, but that equally makes it vulnerable to various price shocks. I support the endeavours of the European Commission to accept a new legislative package by spring 2011 which would give the Commission greater authority to regulate markets and prevent speculation. The European Union must find means to ensure sustainable prices and a sustainable economy. A balance needs to be established between security and openness as well as development. We must be ready to face a potential crisis."@en1
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