eu summit delegates.jpgThe G20 is to hold a meeting to discuss global food and commodity price increases.

 

Finance Ministers and Central Bankers from 20 of the world’s biggest developed and developing nations will discuss the price inflation affecting basic goods such as food and fuel.

 

Ahead of the meeting, the International Monetary Fund warned that the increase has worsened global economic imbalances and pushed more people into poverty since last June.

 

French President Nicolas Sarkozy, who is currently the head of the G20, has argued that commodity speculators should be controled to reduce food price volatility.