Brazil’s Conference Wants World to End Poverty Selling Farm Goods

    Banana plantation

    Banana plantation Figures disclosed by the Common Fund for Commodities (CFC) show that over 70% of the global population depends on the cultivation of commodities to survive. The theme will be discussed at international conference Global Initiative on Commodities, to take place between May 7 and 11 at Blue Tree Park hotel, in Brazilian capital BrasÀ­lia.

    The meeting is promoted by the CFC in partnership with Brazil's Ministry of Agriculture, Livestock and Supply. According to a research by the CFC, Ethiopia and Uganda, for example, have over 50% of their exports in the form of coffee.

    Banana generates 25% of the export revenues of Ecuador, whereas Ivory Coast and Ghana dominate 25% of the international market with their cocoa. This information was disclosed by the Ministry of Agriculture.

    "Primary products and poverty are two interconnected matters, and it is not possible to solve the problem of global development and the reduction of poverty without dealing with the question of commodities, as 70% of the global population depends on their cultivation," stated the CFC general director, Ali S. Mchumo.

    Around 80 official committees should participate in the meeting in Brasí­lia, as well as members of social movements, government and non-government organizations, associations, universities and the private sector.

    Conference

    Matters to be debated in Brasí­lia will include the "conundrum of greater demand, but lower profits" with regard to agricultural products. The idea is to launch a Global Initiative on Commodities.

    Unctad says that some 2 billion people and 86 governments depend on a currently dysfunctional commodities sector. According to the organization, international prices for commodities have climbed in recent years, spurred by increased demand, but profits for farmers in developing countries have fallen even as they have greatly increased production.

    In the evaluation of the Unctad and of the other organizations promoting the conference – the United Nations Development Programme (UNDP), the Common Fund for Commodities (CFC) and the Africa, Caribbean and Pacific Countries (ACP) -, one person in three worldwide is affected by this aberration.

    The use of agricultural commodities as a "valuable" source of growth and income is escaping the governments of the South, who could use it more for financing their development.

    According to the organizations, the current upward trend in prices is likely to last another five or ten years and, if the movement is made use of in a better way, it could help reach the Millennium Development Goals, objectives established by the UN which aim at halving global poverty rates by 2015.

    The conference to be held in Brasí­lia will aim at placing the question of commodities in the center of international debate, guide discussions of poverty reduction and define strategies to make commodities into an engine for development.

    The event will be the first of a series of preparatory meetings for the 12th Unctad Conference, to be held in Ghana next year.

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Carnaval Biz: It Brings Close to US$ 500,000 to Rio, Brazil

    The Rio de Janeiro Carnaval celebration, in Brazil, is certainly spectacular. It is also ...

    Family of Brazilians

    Half of Brazilians Are Now Middle Class, But 40% Are Still Very Poor

    The middle class in Brazil has grown since 2003 when Brazilian President Luiz Inácio ...

    Brazil Remakes Its Image to Lure Tourists

    Serenaders from Diamantina, in the southeastern Brazilian state of Minas Gerais. Story tellers from ...

    Monsanto Has Brazil in Their Hands

    The Brazilian population was surprised last April with the speed that Congress voted to ...

    Experts Expecting Lower Interest Rates in Brazil

    According to the average expectation of market analysts, Brazil’s official annualized benchmark interest rate ...

    Brazilian Police Investigate Internet Site Selling Amazon Land

    The Brazilian Federal Police is trying to find out who is behind a website ...

    7.2 Million Brazilians Don’t Have a House to Live In

    On Friday, May 27, the Minister of Cities, OlÀ­vio Dutra, declared that Brazil’s overall ...

    Brazil Markets Follow US Lead

    Brazilian stocks rose today, as the U.S. market was bolstered by corporate merger and ...

    Cartoon of Serra and Rousseff

    Brazil’s Once Predictable Election Got Some Drama Now

    The unexpected has happened. Before the first-round vote in Brazil’s presidential elections on October ...