Addressing Excessive Price Volatility in Food and Related Financial and Commodity Markets

A/RES/66/188View PDF

Who created this mandate?

A Resolution of the General Assembly, under agenda item 17bInternational financial system and development, published in 2011.

Who cites this mandate in the budget?

1 entity

Extracted automatically from each entity’s budget submission.

What subjects does this mandate have?

8 topics

Commodity Markets Commodity Prices Developing Countries Food Imports Food Prices Food Security Information Exchange Speculation

What does this mandate say?

7 operative paragraphs

Recognizes the initiative of Mr. Leonel Fernández Reyna, President of the Dominican Republic, “Towards Reaching an International Consensus that Aims to Reduce Excessive Price Volatility and Speculation in Commodity Markets”;

Stresses the need to take active measures to reduce excessive food price volatility, while acknowledging that there is an incomplete understanding of its causes and that more research needs to be done, and in this regard underlines the need to promote greater transparency and market information at all levels;

Underlines the importance of timely, accurate and transparent information in helping to address excessive food price volatility, and in this regard takes note of the Agricultural Market Information System hosted by the Food and Agriculture Organization of the United Nations, and urges the participating international organizations, private-sector actors and Governments to ensure the public dissemination of timely and quality food market information products;

Requests the President of the General Assembly at the sixty-sixth session to convene a high-level thematic debate, to be held in plenary meeting, with the participation of Member States, independent experts and other stakeholders, to promote an exchange of views on addressing excessive price volatility in food and related financial and commodity markets, while taking into account relevant work done at the national, regional and international levels;

Invites all relevant United Nations agencies and other international organizations, in particular the Food and Agriculture Organization of the United Nations and the United Nations Conference on Trade and Development, as well as other relevant United Nations agencies and international organizations, to participate actively in the high-level thematic debate and to continue their research and analysis on this matter;

Recognizes the importance of considering, in this dialogue, the needs of developing countries, and stresses that special attention should be given to the needs of net-food-importing developing countries in addressing excessive price volatility in food and related financial and commodity markets to achieve their food security;

Requests the Secretary-General to consider the outcomes of the high-level thematic debate in relevant reports to be submitted under the item entitled “Macroeconomic policy questions” and other relevant agenda items.

Paragraph content is machine-extracted from UN documents. For authoritative content, please refer to the official UN document.

No headings found in this document.

Who created this mandate?

Who cites this mandate in the budget?

What subjects does this mandate have?

What does this mandate say?

Table of contents