June 18, 2018

Doha Developments, Crop Conditions, Prices and Ethanol Implications

Reuters writer Laura MacInnis reported yesterday that, “French President Nicolas Sarkozy’s pointed criticism of the Doha free trade round were contradictory and did poor-country farmers a disservice, trade experts said on Monday.

“Sarkozy, a staunch defender of European Union farm subsidies that would be cut under a new World Trade Organisation (WTO) accord, called the deal being negotiated in Geneva ‘really counterproductive’ in light of the world’s food security crisis.

“‘One child dies every 30 seconds because they are hungry, and we should go and negotiate within the WTO framework a 20 percent cut in European agricultural production?,’ he asked in remarks directed at EU Trade Commissioner Peter Mandelson.”