Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-426-000"
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"en.20110216.15.3-426-000"2
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"Madam President, for the past 30 years food prices have been both low and stable. Now, the United Nations FAO has warned that rising energy costs, growing world population, greater wealth and climate change are about to present huge challenges to the world food system and to the cost of food.
This will have two important consequences on European governments. First, the rising cost of food and energy hits the very poorest families hardest. Second, at a time when Europeans most need a period of price stability while the economy recovers, rising food prices will fuel inflation. In the short term, the temptation will be to import cheaper food and to expect the food and farming industry to absorb the greater cost.
Neither route would be wise. Over-reliance on imported food would dangerously expose consumers to price volatility, and over-pressuring the farming sector, which already faces steep cost increases and depressed margins, would endanger productive capacity.
We need to invest in the common agricultural policy. Technology will be the key and now is the right time to do this."@en1
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