EU Parliament Notes Current Grain Reserves @ 30 Days - Urges Establishment Of Reserves - AFP

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The European Parliament on Thursday called on the EU to set up "food stocks" to avert future crises. In a non-binding resolution, euro deputies stressed that current EU cereal stocks would last only 30 days and questioned whether European food stocks "are at the right level, especially in view of possible crises".

They therefore called on the European Commission "to develop strategies to set up food stocks to prevent future crises".

The parliament called for an "impact assessment of the role of retailers in the food chain, as retail food prices have risen disproportionately compared with the cost of living." The MEPs called on retailers "to pass on a fair price to producers, while at the same time providing consumers with reasonably priced food."

The resolution stressed that priority should be given to the production of food over biofuels, which EU nations have agreed should make up 10 percent of vehicle fuels by 2020.

EDIT

http://www.terradaily.com/reports/European_Parliament_urges_EU_to_set_up_food_stocks_999.html