PARIS, May 24, 2011 /CNW/ - As a key element of the Dakar Declaration
issued following the Dakar Agricole Forum, the creation of a World
Organization for Agriculture (WOA) would represent a major step toward
a new global governance system.
At the Dakar Agricole forum held on April 18 and 19, and organized in
cooperation with momagri, H. E. Abdoulaye Wade, President of the
Republic of Senegal, proposed that the primary objective of such World
Organization for Agriculture be the regulation of agricultural markets
and the coordination of agricultural policies. President Wade advocated
locating this WOA on the African continent, which will face the most
serious demographic and food challenges in the coming years.
Officials attending the Dakar Agricole Forum collectively pointed out
that "boosting output and regulating physical and futures agricultural
markets are the only solutions to resolve the hyper-volatility of
agricultural commodity prices. Price spikes are affecting consumer
solvency, and price slumps are jeopardizing agricultural output
capacity. Farmers need agricultural price stability and visibility, so
that the development of sustainable agricultural production and global
food security are achieved. The events of the past few years have shown
us the limits - even the dangers - of the 'all market' in agriculture."
For momagri Chairman Pierre Pagesse, "Regulation is quite conceivable
since it would apply to the global trade of some products - such as
grain or milk - that form the basis of nutrition. In fact,
international agricultural trade accounts for less than 10 percent of
global agricultural output and involves a maximum of 10 exporting
"More precisely, this WOA would outline, for these key products, free
fluctuation price tunnels per large geographical zones and based on the
data provided by a cost price watchdog body. No intervention would be
required within such tunnel. Should agricultural commodity prices come
out of their respective tunnels, a 'Global Food Security Council' would
instigate safeguard mechanisms to regulate the agricultural markets
involved on the basis of economic facts observed in each major area of
Two main courses of action could be defined and applied under the aegis
of this WOA:
Working on market regulating reserves built up in the large exporting
regions as well as on emergency reserves in nations subjected to food
Insuring better transparency in financial market operations and
implementing rules to fight excessive speculation.
What would the WOA mission and standing be?
As an offshoot of the G20 - today's most successful expression of global
cooperation on world issues - the WOA would have a genuine
decision-making capability through a secretariat managed by the FAO or
the WFP. It would thus be in charge of monitoring agricultural markets
with suitable tools, which would permit anticipating crises and acting
to regulate markets when needed.
"The Organization's consultation and decision-making board would be the
Global Food Security Council, established according to a rationale
close to the UN Security Council," added Jacques Carles, Executive Vice
President of momagri.
For momagri, this proposal must be considered in earnest, since we are
probably on the eve of an era during which agricultural price
"seismicity" will get worse, with consequences on world balance that
could be even more calamitous than the economic and financial crisis.
For further information:
Dominique Lasserre, +33-6-62-23-34-45, email@example.com