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G20 wants stricter regulations on commodity markets

Posted on 24 June 2011

French President Nicolas Sarkozy has appealed for stricter regulations on commodity markets and the setting up of emergency reserves at a first ever summit meeting of G20 agriculture ministers.
The summit is aiming to address an upsurge in food prices. In his opening address Sarkozy claimed, “The G20 has shown its capacity to restart the global economy and to establish a new regulation. The word regulation is not a dirty word. A market without regulation is no longer a market. What we were able to do for the financial markets, it is our duty to do the same for the agriculture markets.”……………………………………….Full Article: Source


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