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G-20 Farm Ministers May Decide on Little, Jonathan Barratt Says

Following are comments from Jonathan Barratt, managing director at Commodity Broking Services Pty. in Sydney, on the outlook for a Group of 20 farm ministers meeting in Paris today. He spoke to Linzie Janis on Bloomberg Television’s “First Look.”

“It’s a meeting that’s coming together to collect ideas. I don’t think we’re going to get a lot of an outcome but I feel it’s a good chance to be able to focus on what needs to be done because it is a real problem.”

“From an investor’s perspective it is an interesting step from two sides. One, we feel that prices will continue to appreciate and two, we feel that there is this need for more clarity and more regulation because there are a lot of speculators who have these positions and who really aren’t involved in the market.”

“From an investor’s side I think all you need to do is buy the dip. But from the regulators, I think they’ve got to be a little bit more transparent in how and why we can get involved in the market.”

To contact the reporter on this story: Stuart Wallace in London at swallace6@bloomberg.net; Linzie Janis in London at ljanis@bloomberg.net.

To contact the editor responsible for this story: Stuart Wallace in London at swallace6@bloomberg.net

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