6 Amendments of Eva JOLY related to 2010/2008(INI)
Amendment 1 #
Draft opinion
Recital A a (new)
Recital A a (new)
Aa. whereas volatility has a devastating impact on the hungry poor in developing countries, who account for a considerable share of agricultural commodity producers and consumers worldwide and have no access to financial services or financial mechanisms to manage risks;
Amendment 2 #
Draft opinion
Recital A b (new)
Recital A b (new)
Ab. whereas according to studies of the FAO, the proportion of expenditure for food in a typical household budget revolves around 10 - 20% in an industrial country but amounts between 60% to 80% in the least developed countries (LDCs);
Amendment 3 #
Draft opinion
Recital B a (new)
Recital B a (new)
B a. whereas speculation on commodities that induce artificial volatility in agricultural markets makes it difficult to finance innovative investments for rebuilding domestic agricultural production in net food import-dependent countries;
Amendment 5 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
Amendment 6 #
Draft opinion
Paragraph 4
Paragraph 4
4. Points out that a considerable part of commodity producers are poor farmers with no access to sophisticated financial instruments to hedge against price volatility; recalls that supply management mechanisms are the best known tool to address excessive commodity price volatility, i.e. through international commodity agreements; urges therefore the Commission to develop an encompassing strategy to address fluctuation of commodities prices that does not limit itself to improving the functioning of the derivatives market but that equally considers a wide range of options for commodity income stabilisation, including improvements of various techniques of supply management that were commonly used until the 1980s, as they constitute an important tool of poor producer countries to regain control of the commodity market;
Amendment 7 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Calls on the Commission to expand investment in tools which have proven that they can enable poor farmers and communities in the developing world to manage and mitigate risk and volatility, while contributing to lasting food security, including community granaries, weather risk insurance and safety nets;