Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-390-000"

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"en.20110217.18.4-390-000"2
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"I welcome the adoption of this joint motion for a resolution, which highlights the main factors contributing to today’s soaring food prices. They are: the rise in oil prices; the growing production of biofuels, which is devouring huge swathes of agricultural land; the ever-more frequent occurrence of natural disasters; and speculation on the markets. The aim is no longer to supply food products at the best price, but to make as much profit as possible out of them. According to the Food and Agriculture Organisation, food prices peaked in January, and it is estimated that, when food prices rise by 1%, the nutrition of an additional 16 million people is put at risk. Price hikes thus become a huge challenge for developing countries, which already devote almost three quarters of their income to buying basic foodstuffs. Consequently, we fear a social and political situation even more dreadful than that during the 2008 ‘hunger riots’. Europe has a vital role to play in guaranteeing global food security. Let us hope that the G20 ministers, who will meet in Paris in June, come up with solutions to combat food price volatility."@en1

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