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17/4/2012

FAO, IICA and ECLAC Analyze the Causes and Impact of Food Prices Volatility

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The Latin American and Caribbean countries' response for reducing the impact of the increase and volatility of international food prices --especially on people with the lowest income-- are analyzed in the last FAO, IICA and ECLAC's joint bulletin.

The document (available in Spanish) is a synthesis of the conclusions of four high-level dialogues held in Chile, El Salvador, Trinidad and Tobago and Mexico, where actions to foster agriculture were debated.

The seminars were organized by the Food and Agriculture Organization of the United Nations (FAO), supported by the Economic Commission for Latin America and the Caribbean (ECLAC), the Inter-American Institute for Cooperation on Agriculture (IICA) and the Regional Unit for Technical Assistance (RUTA).

"The purpose of these activities was to encourage the exchange of experiences regarding policy measures (agricultural, trade, financial and social) taken by countries in the last five years for dealing with threats and opportunities resulting from the increase and growing volatility of prices," stated in the foreword of the document Alicia Bárcena, Executive Secretary of ECLAC, Alan Bojanic, Representative of the Regional Office of FAO for Latin America and the Caribbean, and Víctor Villalobos, Director General of IICA.

During the dialogues, the countries stressed the need to increase transparency and competency in food markets, as well as seeking to make a better use of the free food trade area in the region, among other topics.

See the bulletin of ECLAC/FAO/IICA on the Response of the Latin American and Caribbean countries to the increase and volatility of food prices and collaboration options.

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