AGL 40.00 Decreased By ▼ -0.03 (-0.07%)
AIRLINK 128.15 Increased By ▲ 0.45 (0.35%)
BOP 6.68 Increased By ▲ 0.07 (1.06%)
CNERGY 4.51 Decreased By ▼ -0.09 (-1.96%)
DCL 9.15 Increased By ▲ 0.36 (4.1%)
DFML 41.80 Increased By ▲ 0.22 (0.53%)
DGKC 87.50 Increased By ▲ 1.71 (1.99%)
FCCL 32.68 Increased By ▲ 0.19 (0.58%)
FFBL 64.50 Increased By ▲ 0.47 (0.73%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 111.50 Increased By ▲ 0.73 (0.66%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.06 Increased By ▲ 0.18 (3.69%)
KOSM 7.43 Decreased By ▼ -0.02 (-0.27%)
MLCF 41.04 Increased By ▲ 0.52 (1.28%)
NBP 61.30 Increased By ▲ 0.25 (0.41%)
OGDC 195.57 Increased By ▲ 0.70 (0.36%)
PAEL 27.75 Increased By ▲ 0.24 (0.87%)
PIBTL 7.77 Decreased By ▼ -0.04 (-0.51%)
PPL 153.01 Increased By ▲ 0.48 (0.31%)
PRL 26.57 Decreased By ▼ -0.01 (-0.04%)
PTC 16.20 Decreased By ▼ -0.06 (-0.37%)
SEARL 84.27 Increased By ▲ 0.13 (0.15%)
TELE 7.91 Decreased By ▼ -0.05 (-0.63%)
TOMCL 36.68 Increased By ▲ 0.08 (0.22%)
TPLP 8.88 Increased By ▲ 0.22 (2.54%)
TREET 17.11 Decreased By ▼ -0.55 (-3.11%)
TRG 57.44 Decreased By ▼ -1.18 (-2.01%)
UNITY 27.00 Increased By ▲ 0.14 (0.52%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,741 Increased By 549.4 (0.58%)
KSE30 29,441 Increased By 240.4 (0.82%)

German Chancellor Angela Merkel said the G8 group of top industrialised nations at next week's summit will take measures to fight the soaring price of food, in an interview with a German newspaper.
"A vast catalogue of measures to guarantee food supplies worldwide" is expected to be adopted at the G8 summit in the northern Japanese city of Toyako, Merkel told the Tagesspiegel am Sonntag which will be on newstands Sunday. The measures, based on a German government concept, is intended "to provide short term relief to the food crisis and a long-term strategy to increase the world agricultural production," Merkel said.
The G8 powers also plan to create a task force on the food crisis during the summit, the Japanese newspaper Yomiuri Shimbun said Monday, citing government sources. The working group will look into the possibility of lifting certain restrictions on exports which prevent the countries most in need from having access to the surplus food of rich nations.
According to the German weekly news magazine Der Spiegel, quoting a six-page document Merkel sent to her G8 colleagues on Monday, the German leader believes the spiralling cost of food could "endanger democratisation, destabilise some states and become an international security problem." Merkel set up an inter-ministerial working group at the end of April to look at causes, consequences and possible solutions to the problem.
Its recommendations, according to the magazine, include an increase in agricultural production in developing countries. Merkel also said in the document that Germany would release 750 million dollars this year to help poor countries feed themselves, Der Spiegel added. The heads of state and government from the G8 nations - Germany, Canada, France, Italy, Britain, Japan, Russia and the United States - will meet for three days, starting Monday, in Toyako on the island of Hokkaido.

Copyright Agence France-Presse, 2008

Comments

Comments are closed.