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Oz takes global food market lead

AUSTRALIA is taking charge of a key global committee on food markets.

Agriculture Minister Joe Ludwig said Australia was elected to chair the G20’s Agricultural Market Information System (AMIS) at a meeting in Washington overnight.

Mr Ludwig said the 12-month appointment would allow Australia to guide international discussions on food markets.

“Through our participation in AMIS Australia can promote coordinated international policy responses to market conditions,” Mr Ludwig said.

“This will help the development of common strategies to deal with market uncertainty and avoid adverse trade responses.”

Department of Agriculture, Fisheries and Forestry officials will head up AMIS from October 1.

Source: Tom Minear, The Weekly Times, http://www.weeklytimesnow.com.au/article/2013/02/21/561010_national-news.html