What are the measures proposed to control global food inflation as mentioned in the New Delhi Declaration of the G-20 Summit

The New Delhi Declaration of the G-20 Summit proposes several measures to control global food inflation. One of the main measures highlighted in the declaration is the need to resume Black Sea grain trade. This is considered a crucial step to cool down global food prices. The declaration emphasizes the importance of preventing measures that could disrupt the availability and affordability of food commodities. Moreover, it calls for improving transparency and market information on grain stocks, production, and trade. Specific measures mentioned in the declaration include the need for countries to avoid export restrictions, enhance market transparency, ensure fair and predictable trade policies, and strengthen cooperation among member states. Additionally, the declaration emphasizes the importance of investing in sustainable food systems, promoting research and development, and supporting smallholders in developing countries. Ultimately, these measures aim to stabilize food prices and ensure food security for all.