Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-01-18-Speech-2-328-000"
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"en.20110118.14.2-328-000"2
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"This report reaffirms food security as a basic human right. In this context, two of the main issues that this right should address are identified as price volatility in the markets, which are heavily influenced by speculation, and the fall in food reserves. The report notes that speculation has been responsible for 50% of the recent price hikes and thus endorses a revision of the existing legislation on financial instruments in the interests of transparency, making them serve the economy and agricultural production, and preventing speculation from jeopardising efficient agricultural holdings. In a situation where the price of food is heavily influenced by speculators who have no interest whatsoever in agriculture, the report supports the limiting of access to agricultural markets.
Nonetheless, the financialisation of agricultural markets is not called into question in structural terms. The report also proposes the establishment of a global system of food stocks administered by the UN. In addition, it urges the Commission to expedite the approval of the importation of genetically modified foods, with which I completely disagree. In view of this, but so as to encourage the good intentions and suggestions contained in the report, I abstained."@en1
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