Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-453-000"
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"en.20110216.15.3-453-000"2
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"According to a statement from the World Bank, food prices have risen by over 15% since October 2010, and the price of grain, for example, has risen at an annual rate of 39%, according to the FAO. Not only does an increase in food prices threaten the lowest income groups, but it also reveals much deeper and more serious problems that will pose a major threat in the future. Global food production is threatened by a number of factors, such as pests, diseases and natural disasters. These factors are currently being exacerbated by extreme weather conditions that are probably due to climate change. A good example of this would be the drought and fires in Russia in 2010, or the floods in Pakistan, and more recently in Australia. We can expect the problem of rising food prices to get worse in the future. It is pointless to discuss the causes of climate change here, because the risks are real and to doubt them is an unacceptable gamble. However, food prices are also affected by economic factors, especially abuse of the market system through government manipulation of the US dollar exchange rate and irresponsible speculation in commodity trading. Europe must realise that decisions made now will affect the future of the whole food system. In the short term, we can focus on minimising food waste, decreasing dependence on imports, reducing or stabilising demand, and establishing regulatory mechanisms on the market in order to prevent speculation."@en1
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