OECD backs French push for commodity transparency

The Organisation for Economic Development and Cooperation (OECD) on Tuesday welcomed France's move to put commodity price volatility and food security at the top of its G20 presidency agenda, echoing the need for more transparency. "Agriculture markets have always been volatile, but if governments act together then extreme price swings can be mitigated and vulnerable consumers and producers better protected," OECD Secretary-General Angel Gurria said in a statement.