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G20 ministers agree to tame food commodity speculation

PARIS (AFP) – Farm ministers from the world’s top economies agreed on action on Thursday to tame market speculation blamed for the food price spikes that have hit consumers’ pockets and sparked unrest. “The consensus… marks an historic union of resolve in combating the pressing challenges of hunger and food…

Rising food prices nearing danger point: World Bank

PARIS (AFP) – World Bank president Robert Zoellick warned leaders of the top global economies Saturday that the world is reaching a danger point where soaring food prices threaten further political instability. “I mentioned that we are reaching a danger point,” Zoellick said, adding that he had urged G20 finance…