UPDATE 1-France calls emergency G20 grains meeting for mid-Oct

Mon Sep 17, 2012 5:51pm GMT
 

* France says calls rapid response forum for Oct. 16

* Farm ministers to discuss market volatility

* FAO's da Silva backs French strategic stocks plan

* French initiatives follow drought-fuelled record prices

By Gus Trompiz and Julien Ponthus

PARIS, Sept 17 (Reuters) - France has called an emergency meeting of G20 farm ministers for mid-October to discuss curbing price swings on grain markets, the French president's office said, after a year of drought and record prices renewed fears of a crisis in food supplies.

France currently presides over a grains body created last year under the Group of 20 major economies and it has made several proposals in recent days, including the development of strategic stocks and a halt in the expansion of biofuels that use food crops.

Paris said in a statement it was calling a meeting of a Rapid Response Forum under the G20 agriculture body, AMIS, on the United Nations World Food Day which is held on Oct. 16.

It issued the statement after talks between French President Francois Hollande and Jose Graziano da Silva, Director-General of the United Nations' Food and Agriculture Organisation (FAO).   Continued...

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