G20 attacked on food crisis plan

The US, Brazil and China have joined forces to water down the G20’s first-ever communiqué on agriculture, defeating proposals to reduce the use of biofuels and export bans, which have contributed to close to record food commodities prices.

The two-day meeting which ended on Thursday came after France made food security and commodities regulation a centrepiece of its G20 presidency after the 2007-08 food crisis and the more than 36 per cent spike in global food prices over the last year.