Agriculture and the food price crisis

L'agriculture is increasingly underestimated and now, a crisis of food prices is imminent. Just like in 2007 and 2010, a new one price crisis is about to hit the market. What could happen would be the third such crisis in just five years. It would be a crisis in the already dire Italian economic situation.

To sound the alarm about the potential food price crisis is Paolo De Castro, the president of the Agriculture Committee of the European Parliament. Shadow ministers of the Labor Party and debutants met in London to discuss the new reform of the Labor Party Common agricultural policy. Agriculture is an indispensable resource, especially for Italy, but there are many disputes to be addressed with the new CAP.

The truth is only a few days away. On September 12, the new data from the USDA (US Department of Agriculture) will be published, with this publication we will know if we need to prepare for the third food price crisis. Italian agriculture is afraid of multinationals, the data that the USDA will publish will be crucial and will allow us to understand what tools to adopt to address the current scenario of instability.

“Time is tight - said De Castro -. I can confirm the commitment to do everything in our power to be able to give the European Union, as soon as possible, a new legal, political and economic framework to adequately address the food challenges and agriculture of the future ".

Video: Food Commodities Speculation and Food Price Crises - Olivier De Schutters last report (October 2020).