Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-04-22-Speech-2-291"
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"en.20080422.49.2-291"2
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"Mr President, for several years now we have been talking in the European Union and at the WTO about liberalisation of trade, which was meant to be understood as facilitation of trade, but in reality we are implementing a restriction on agricultural production. In Europe, and not only in Europe, we have been restricting production systematically for quite some time.
The global rise in food prices is the result of a rise in production costs, energy and fuel costs and fertiliser and labour costs. Let us not forget, however, that little more than a year ago the price of a barrel of oil was USD 70, the profitability of agricultural production was different, and so was the profitability of biofuels, whereas today a barrel of oil costs USD 115. Biofuels are not the cause of the crisis, though. Biofuels account for only 2% of agricultural production, so they are only partly to blame.
I see much concern today, not to say fear, even here in this Chamber, but sudden, unconsidered action will not help. We need a stable agricultural policy, but we must seek stabilisation not only in agriculture, but also in financial markets. The lack of monitoring of financial markets is giving rise to speculation and the appearance of dangerous situations, firstly on the mortgage market, and then on the foodstuffs market. Stabilisation in financial markets."@en1
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