New Rules Needed for Food Market, According to Major Study

June 15, 2011

BRUSSELS, June 15, 2011 /PRNewswire/ –

A new regulatory framework is needed for the food commodity market,
according to a new study presented in Brussels today by the Barilla Center
for Food & Nutrition (BCFN).

The study was unveiled at an open debate at the European Parliament,
organised by the Barilla Center for Food & Nutrition and hosted by Mairead
McGuinness, Member of the European Parliament (EPP, Ireland). A large number
of participants from European Union institutions, trade associations,
businesses, and civil society gathered to discuss about food security in
relation to continued volatility of food commodities.

The workshop focused on the economic and political conditions impacting
food commodities. Participants discussed how the EU can help find ways to
support the development of food markets and political governance instruments
that would guarantee the accessibility, sustainability and quality of food.

“Food security is at the heart of food supply chain issues. In the
current global economic climate, access to affordable, safe and nutritional
food is critical for communities,” said Guido Barilla, Chairman of the BCFN.

According to MEP Mairead McGuinness, “A world where many are hungry and
others well-fed is a world threatened by instability. By 2050 the world
population will have grown by over 2 billion, with many of these born into
poverty in the developing world. The challenge to our land base is enormous;
we will need to increase production by 70% by 2050 to provide us with food,
fuel and fibre,”

“Those of us in political life who have a deep understanding of
agricultural production, new technologies and tried and tested methods have
a duty to give strong political leadership and to keep the food security
challenge to the fore,” she added.

Commenting on the economic and geopolitical aspects of food security,
Mario Monti, economist and member of the Advisory Board of the BCFN, said:
“Recent years have been marked by a sequence of crises worldwide: a global
financial crisis and serious economic downturn, and social and political
crises in a number of countries that rightly received the attention of the
international community. However the food crisis, even as a less visible
emergency, also drives social unrest, inequality and global conflicts. The
Barilla Center for Food & Nutrition believes that governments and policy
makers globally need to keep food high the agenda as one of the most
pressing challenges that the world is facing.”

Note to Editors

The Barilla Center for Food & Nutrition is a multidisciplinary think
tank focusing on issues of food and nutrition and their relations to
economics, medicine, diet, sociology and the environment. The work of the
Barilla Center for Food & Nutrition is backed by an authoritative Advisory
Board composed of Barbara Buchner, Director of the Climate Policy Initiative
in Venice, Mario Monti and John M. Reilly, economists, Gabriele Riccardi,
endocrinologist, Camillo Ricordi, surgeon and scientist, Claude Fischler,
sociologist and Umberto Veronesi, oncologist.

You may watch the event at http://www.barillacfn.com

SOURCE Barilla Center for Food & Nutrition

Source: newswire

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