G20 agrees on food security plan

Buyers and sellers meet in a market in Bangladesh, where the price of cereals has risen sharply in recent months.

Twenty of the world's leading economies have agreed on a plan to stabilize food prices and to improve the supply of staple foods.

The G20 agricultural ministers meeting in Paris approved the plan Thursday and asked the World Food Programme to assess the feasibility of an emergency humanitarian food reserve system for developing countries.

They also agreed to launch a database on food stocks and consumption of wheat, maize, rice and soybeans, which would be managed by the UN's Food and Agriculture Organization.

Filed under Today's News.
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