FDBusiness.com

Strong EU Farm Policy Needed to Deliver Affordable Food

 Breaking News
  • Ebro Expands in Pasta With €130 Million Deal Spanish food group Ebro has agreed to acquire a 70% stake in Bertagni 1882, the Italian premium fresh pasta producer, for €130 million. With production plants in Vicenza and Avio in Italy, Bertagni employs 275 people and is known as the oldest brand of filled pasta in Italy. Its gross sales in 2017 will exceed [...]...
  • 100% Green Distillery to Open in Yorkshire A Yorkshire-based gin and whisky distillery is one of only three in England to be run solely on green energy. As England’s smallest and first self-built whisky and gin distillery, Cooper King Distillery will commence production of its juniper-led gin and open its doors to members of the public this spring, the whisky distillation will follow [...]...
  • ULMA Packaging’s Flexible Solution Helps Make Dairy’s Day Dairy Day, a Watford-based specialist in artisan cheeses, has reported a significant increase in production since replacing a manual packing machine with ULMA Packaging Ltd’s TFS 200 Thermoformer – providing the family-run business with the extra capacity it needed to meet the increasing demand from retailers and foodservice customers for its handmade halloumi cheese. Investing in a packaging system is [...]...
  • Wavegrip Introduces New Service WaveGrip, manufacturer of innovative beverage multi-packaging solutions, has launched a dedicated machine manufacturing and engineering support service. Combining all WaveGrip automation, engineering and global servicing capabilities, including its OEM partners, the new WaveTec service will ensure WaveGrip Applicators continue to deliver the best performance to support companies’ multi-packing needs. WaveTec will also give all WaveGrip customers [...]...
  • Riggs Autopack Ltd – British Manufacturer of Depositors & Filling Machines For Food Production Riggs Autopack is a British manufacturer of high quality depositors and filling machines, transfer pumps and automatic conveyor filling lines. They are a UK market leader with an excellent reputation and supply their equipment to the food production industry. Their Model 1000 volumetric depositors and filling machines are one of the most precise and hygienic on [...]...

Strong EU Farm Policy Needed to Deliver Affordable Food

Strong EU Farm Policy Needed to Deliver Affordable Food
January 19
12:41 2011

To secure supplies of affordable food, the EU must have a strong farm policy that discourages food commodity speculation and helps more young farmers to start up, says the European Parliament. With worldwide demand growing and 16% of EU citizens below the poverty line, access to food is an increasingly important issue.

The future Common Agricultural Policy (CAP), now being debated by EU institutions, must ensure food security for all citizens, maintain the vitality of rural areas and guarantee food production throughout the EU, say MEPs in a resolution.

The future CAP must also ensure that citizens have access to adequate supplies for affordable food, help to disseminate information about healthy diets and improve conditions for programmes such as school fruit and school milk, add MEPs.

MEPs point out that food commodity derivatives differ from other financial products, and say that they should be traded only by those “who have legitimate interests in protecting agricultural merchandise against risks.”

They argue that speculative behaviour accounted for up to 50% of recent price hikes, and note that wheat contract prices, for example, rose by 70% in only two months.

To ensure that financial instruments help farmers to overcome the crisis, rather than helping speculators to provoke extreme price volatility, Parliament calls for existing EU legislation on financial instruments to be revised, so as to improve trading transparency. MEPs also endorse the actions taken to this end by the current G20 Presidency.

The new CAP must also do more for young farmers. Only 7% of EU farmers are under 35 years old, but 4.5 million EU farmers are to retire in the next ten years. MEPs ask that measures be stepped up to attract young people into farming, such as installation premiums and subsidised interest rates for loans.

MEPs propose the creation of a ‘targeted global system of food stocks’, with some emergency stocks to reduce hunger and others to be placed on the market when price rises threaten affordability. This system could be managed by the UN or FAO, suggest MEPs, who are calling on the European Commission to study how best to make such a system work.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 19, 2018International Green Week
  • January 20, 2018Sigep Rimini
  • January 24, 2018International Bulk Wine and Spirits Show (IBWSS)
  • January 28, 2018ProSweets Cologne (Int'l Sweets and Biscuits Fair)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements