The wealthiest nations are poised to condemn the peoples of the rest of the world to a "Century of Hunger" unless they agree to new rules governing food supply. That warning was delivered by French agriculture minister, Bruno Le Maire, as the G20 AgMins gathered in Paris today.
France, which holds the G-20 presidency, wants a central database on crops, limits on export bans, international market regulation, emergency stockpiles and a plan to raise global output.
“We don’t want to dilute the action plan,” Le Maire said. “Either the G-20 members are able to find consensus on something which would help us to fight against excessive volatility and to fight against hunger in the world,” or “it would be a failure,” he said.
The choice is “international solidarity” or “egotism” if nations want to avert this becoming the “the century of hunger,” he told a meeting of 120 farmers groups in Paris last week. France is the European Union’s biggest farm producer.
“People have taken food for granted, especially in the U.S., for so long that they’ve forgotten how important it is,” Carlson said. “I shudder to think what would happen, to the poorer countries especially, if we ran out of food. There would be just unrest like we can’t imagine.”
Canada and countries that can still produce staple crops in high volume stand to gain a lot from the increasing market demand coupled with severe weather events elsewhere that sharply disrupt production and reduce competition. In other words, their pain is our gain.
France is insisting that any G20 deal must provide for regulation of financial markets for agricultural commodities, a notion that the American congress is likely to reject.