EU plans global food stock chain

European Parliament call on the EU to take the lead in establishing a global food inventory regime and a global system of food stocks in order to provide adequate advance warnings of dramatic changes in food stock levels.

 The European Parliament adopted an
initiative report on how the EU's Common Agricultural Policy (CAP) is
meeting EU and world food security needs. MEPs argue that the new
reality of food security is not sufficiently addressed by the
current CAP Health Check and urge policymakers to secure the
EU's food production base by ensuring a fair income for farmers in
both the developing and developed worlds. "This is key to
securing food production and if the market cannot deliver this, then
policies need to do so,"the report argues.

According to the report, the market
alone cannot provide income security for producers, who are faced
with the high cost of compliance with EU food production, food
safety, environmental and animal welfare standards.