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Kraft Foods calls for greater and smarter investment in agriculture

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BERN (Commodity Online): The new vision for agriculture is a public-private initiative designed to transform agriculture through greater and smarter investment, according to a new report by Kraft Foods.


The new report shares insights from the last year's work driving agricultural transformations in Vietnam, Indonesia, Mexico and Tanzania and the major goal of the report is to help nations to begin their own transformations.


According to Irene Rosenfeld, Chairman and CEO of Kraft Foods, agriculture is the best means the world has today to simultaneously tackle food security, poverty and environmental degradation.


"From our own work in cocoa, coffee and cashews to the work of more than 25 other companies that have joined this initiative, we're catalyzing innovative agricultural transformations around the globe. But the private sector can't do it alone. We must continue working together with national governments, multilateral institutions, civil society and farmers to create lasting change." said Irene.


By investing in agriculture, companies saw they could also address two of the world's other most pressing problems: poverty and environmental degradation.


The new report also aims to increase food production by 20% each and every decade, while decreasing carbon dioxide emissions and reducing poverty by 20% in the same time span.


Kraft Foods Inc. (NYSE: KFT) is an American confectionery, food and beverage conglomerate.

MCX Light Sweet Crude Oil 19 June 2012 contract was trading at Rs 5241 , up Rs. 233 . What's your view on it?
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