Brazil and Argentina came out Friday against a French proposal to be put to the G20 to regulate commodity prices whose recent rises are blamed for a spike in food costs. Read full article
durp
Argentina is still a net exporter of food, therefor it's in Argentina's best interest to raise prices of food. VERY simple, elementary concept of economics durp.
If Argentina did feel drastic measures were needed, it could subsidize prices for home consumption, but still continue to raise global food price.
Most coutryes already have subsidies, grants, tax ckickbacks, insentives, tax break and many other tools to achieve selfsuficiency, this regulations might be aimed at some sort of quota limiting agro produsing contries to peg their productive land to a otherways unprofitable market.
It would be good to table a none binding meeting and see if this regulations addresses the human balue rather then the profit margins. http://www.financialpost.com/story.html?id=213343 http://www.financialpost.com/story.html?id=213343 http://www.financialpost.com/story.html?id=213343
#3 I doubt this regulations will be aimed at forcing 3rd world countries to fill national quotas first.
Comments
Disclaimer & comment rulesI thought Argentina was keen to control prices .... no?
Feb 12th, 2011 - 05:37 am - Link - Report abuse 0durp
Feb 12th, 2011 - 11:56 am - Link - Report abuse 0Argentina is still a net exporter of food, therefor it's in Argentina's best interest to raise prices of food. VERY simple, elementary concept of economics durp.
If Argentina did feel drastic measures were needed, it could subsidize prices for home consumption, but still continue to raise global food price.
Argentina is still a net exporter of food
Feb 12th, 2011 - 02:35 pm - Link - Report abuse 0Maybe Argentina should put a little aside for the poor children?
http://en.mercopress.com/2011/02/06/argentine-aborigine-children-die-of-malnutrition-and-poor-sanitary-conditions
Maybe some of France's food mountains should go to feed the Argentineans?
Feb 13th, 2011 - 03:41 am - Link - Report abuse 0Most coutryes already have subsidies, grants, tax ckickbacks, insentives, tax break and many other tools to achieve selfsuficiency, this regulations might be aimed at some sort of quota limiting agro produsing contries to peg their productive land to a otherways unprofitable market.
Feb 14th, 2011 - 08:35 am - Link - Report abuse 0It would be good to table a none binding meeting and see if this regulations addresses the human balue rather then the profit margins.
http://www.financialpost.com/story.html?id=213343
http://www.financialpost.com/story.html?id=213343
http://www.financialpost.com/story.html?id=213343
#3 I doubt this regulations will be aimed at forcing 3rd world countries to fill national quotas first.
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