Indonesia to bring food commodity speculation issue in G20 Summit

21:28, February 16, 2011      

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Indonesian government would bring the issue incited by food commodity speculators that had eventually increased food prices, causing pressure from increasing inflation in the country, a minister said on Wednesday.

"We want the G20 forum to pay more attention on food commodity trading activities so as to eliminate the speculators and their business," Indonesian Financial Minister Agus Martowardoyo said in his office here, citing to part of agendas the Indonesian government brings in the upcoming G20 Summit slated to be held in Paris, France from Feb. 18 to 19.

The government, he said, is very concerned on the increasing price of food commodities that has increased the inflation in the country in the last few months.

He added that the speculators, who conducted their business through future commodity trading, had incited increasing sentiment on food commodity demands in the country.

Besides to ask the G20 Forum to eliminate the food commodity speculation business, the minister said that Indonesian delegation would ask the forum to help the country in developing its food production.

Source: Xinhua
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