Sarkozy Calls for G-20 to Regulate Commodities, Price Swings
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French President Nicolas Sarkozy said regulation of commodity markets will be a priority as he leads the Group of 20 nations this year, and inaction may cause food rioting in the world’s poorest countries.
Some commodity markets lack safeguards to limit price spikes and “price manipulation,” Sarkozy said at a press briefing in Paris today. France’s head of state said he asked Russian President Dmitry Medvedev to help study the role of derivatives in commodity-price swings.