Spot Commodity Prices: CRB Spot Index (1947 - Present);
16-Raw Industrial Spot Price (1935-1947);
Great Britain Wholesale Price of All Commodities (1885-1935) and Trend Z Scores
Headline: Sarkozy urges G20 tackle speculation to ensure food security
French President Nicolas Sarkozy on Wednesday urged the world's top economies to ensure food security by eliminating speculative price spikes as high costs are again hitting consumers and fuelling unrest.
"By addressing the volatility of agricultural markets, in assuring food security for the world for today and tomorrow, we will rebalance the structure of capitalism," Sarkozy told agriculture ministers from G20 nations as they began their first-ever meeting.
The Group of 20 top nations pledged to contain agricultural commodity volatility in the wake of the 2007-2008 surge in food prices that triggered riots in some countries, which was widely blamed on speculation.
Source: google.com
