CLEAN: G20 ministers reach accord to curb food price swings

The transcript discusses the G20's agreement to increase global food production by 2050 to address population growth. It emphasizes the need for transparency in agricultural markets to reduce price volatility, which heavily impacts developing countries. New obligations for data sharing on production, stocks, and consumption are introduced. The transcript also highlights the need for impact studies on biofuels concerning the environment, sustainable development, and agricultural production, especially in poorer countries.

What is the primary goal agreed upon by the G20 and international organizations regarding global food production?

• To focus solely on local food production

• To increase global food production to feed the population by 2050

• To maintain current levels of food production

• To decrease food production by 2050

How does increased transparency in agricultural markets benefit consumers?

• It benefits only the agricultural producers

• It leads to higher food prices

• It decreases the availability of food products

• It reduces price volatility and improves market functioning

Which countries are most affected by the volatility of agricultural prices?

• Developed countries

• Developing countries

• Countries with stable economies

• Countries with high agricultural exports

What new requirement is introduced to address agricultural price volatility?

• Restrictions on agricultural exports

• Increased tariffs on agricultural products

• Mandatory data sharing on production, stocks, and consumption

• Subsidies for agricultural producers

What is the concern regarding the development of biofuels?

• They have no impact on agricultural production

• They lead to increased agricultural production

• They are the sole solution to sustainable development

• They may cause a loss in agricultural production, especially in poorer countries