EU food business is dysfunctional

Governments will to avoid food price inflation, while farmers are left to endure runaway cost inflation, well into double figures over the past year.

FRENCH president Nicolas Sarkozy has rightly questioned why the EU regulates money markets but not food commodities.

The food market is now so dysfunctional that the farmers who produce pig and poultry meat, which account for 78% of EU meat consumption, are heading for bankruptcy.