Sarkozy Fight Against Speculators Moves to Finance Ministers
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French President Nicolas Sarkozy’s fight to curb speculation in agricultural commodities, blamed for the “plague” of record food prices, moves to the Group of 20 finance ministers, who may balk at the toughest proposals.
France, which holds the G-20 presidency this year, won the backing of agricultural ministers meeting in Paris this week to put commodity market regulation on the agenda of the finance ministers, who meet in September in Washington. The ministers probably won’t agree on “tough” measures, said Shenggen Fan from the International Food Policy Research Institute.