Meeting in Germany, the G7 agricultural ministers ask all countries to keep their food and agricultural markets open. They warned higher food prices and volatility in international markets could threaten food security and nutrition on a global scale.
The group recognized the vital importance of export bans by Ukraine to preserve food availability.
Ministers are working together to “closely” monitor futures markets and fight speculation that may threaten food supplies.
“We will not tolerate artificially inflated prices that could diminish the availability of food and agricultural products,” the group said in a statement.
