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G20 agree on agriculture market measures

G20 agricultural ministers reached a consensus on measures to improve food security, a US ofifcial said.

G20 agricultural ministers reached a consensus on measures to improve food security and combat price volatility at talks on Thursday, US Agriculture Secretary Tom Vilsack said.

US secretary of Agriculture Tom Vilsack (centre) shakes hands with Chinese Agriculture Minister Changfu Han before a familly photo of G20 agriculture ministers in Paris.

"The consensus reached today by the G20 agricultural ministers marks an historic union of resolve in combating the pressing challenges of hunger and food price volatility confronting our world with greater regularity," Vilsack said in a statement.

G20 agriculture ministers also supported establishing an international agricultural market information system, or AMIS, said the US minister.

Vilsack said that "if fully supported and utilised" the information system "will mitigate volatility" on agricultural commodity markets by improving production and price information.

Ministers also agreed to remove food export restrictions for food purchased for humanitarian purposes.

"In particular, we recognise that food export bans restricting humanitarian aid penalise the most needy," Vilsack said in statement.

"We have also reaffirmed our opposition to erecting trade barriers through export bans," he added.

Source: AFP
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