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RI proposes ‘triple intervention’ to prevent global food crisis
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Finance Minister Sri Mulyani and Agriculture Minister Syahrul Yasin Limpo attend the Joint Finance and Agriculture Ministers Meeting in Washington, DC, on Oct. 11. (Finance Ministry/-)
Indonesian officials have proposed to the Group of 20 a set of possible solutions to a looming global food crisis as geopolitical tensions threaten food and fertilizer supplies worldwide.
At a press conference in Washington, DC, on Tuesday, Agriculture Minister Syahrul Yasin Limpo said the G20 was committed to guaranteeing continued food production and making it available for cross-border trade.
Syahrul was speaking at the first Joint Finance and Agriculture Ministers Meeting (JFAMM), which brought together top officials from G20 countries as part of the G20 forum, which Indonesia is chairing this year.
Data from Statistics Indonesia (BPS) show that food, beverage and tobacco prices were up 7.91 percent year-on-year (yoy) in the country as of September, far above the 5 percent the central bank had proclaimed as the maximum acceptable food inflation rate.
“All countries are worried about the presence of a food crisis that really needs to be responded to more seriously,” Syahrul said.
Read also: Indonesia warns of global food insecurity
G20 members have vowed to buttress food security through agricultural production as well as “free, fair, predictable, transparent and non-discriminatory food trade” for all countries.
