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  June 2011 


   

EU accused of dragging feet on global food security

Source : forexyard.com

The European Union must do more to avert a global food crisis, for example by scrapping its biofuel target and introducing tougher regulation of commodities markets, the Oxfam charity said on Tuesday. Food prices could more than double in the next 20 years, resulting in an increase in the estimated 925 million people currently going hungry each day, Oxfam said in a new report on global food justice. The international charity accused the 27-nation EU of failing to take the lead in the fight against food insecurity, and instead prioritising the short-term interests of financial speculators and big businesses. "The potent combination of power, policies and financial punch gives the European Union the potential to shape the global food security debate", said Elise Ford, head of Oxfam International's EU office in Brussels. "But instead, Europe is sleepwalking as the world enters into an unprecedented and avoidable reversal in human development", she said.

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6 June 2011 | Study :: Agriculture :: Europe
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