G20 to Boost Food Data Collection to Target Prices, FT Reports

The Group of 20 leading nations will seek to control price volatility in agricultural commodities by gathering more market information on stocks and production, the Financial Times reported, citing an interview with French Agriculture Minister Bruno Le Maire, who is leading the project.

The Agriculture Market Information System will be discussed by agriculture ministers in Paris on June 22 and 23, and the Food and Agriculture Organization of the United Nations will be asked to create a secretariat for the project, the FT said, citing unidentified officials.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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