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Top agricultural exporting countries pledge action in bid to stabilise food prices and maximise yields

Posted by Rafael Moro

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Leading agricultural exporting countries have pledged to stabilise food prices and maximise yields in a bit to strengthen global food security, Ein News reported.

In a joint declaration, Argentina, Brazil, Canada, Mexico and the USA said they had joined the other over 80 countries that had endorsed the Roadmap for Global Food Security Call to Action published at the US-chaired Global Food Security ministerial meeting held at the United Nations on 18 May and urged countries that had not yet endorsed the initiative to do so, the 14 June report said.

“As countries that serve as major food exporters and homes to farmers that feed the world, it is both in our interest and a core part of our values to take these steps to prevent hunger, malnutrition, and poverty around the world, as well as to make investments in more resilient and inclusive global agriculture and food systems, that support rural development and contribute to peace in the world,” the joint statement said.

The five countries pledged to: promote best practices to boost crop yields, agricultural production and trade; maximise food supplies and improve trade and transportation of food within world markets; calibrate sanctions and work to avoid other restrictions, like export bans, to limit the impact on trade in agricultural commodities and avoid disrupting markets; provide humanitarian assistance to the most vulnerable; support increased access to fertilisers and their inputs (synthetic and organic based), including through production inside countries, as a part of their efforts toward food security; optimise use of fertilisers, enhancing sustainability of water resources and biodiversity.

The joint declaration was made against a backdrop of rising food insecurity, supply disruptions in grain, corn, cooking oil and key agricultural inputs such as seeds, fertilisers and refined fuels, and severe weather events.

Source: Oils & Fats Internacional (OFI)