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ASEAN pact on food prices

Trade Ministers of the 10-member South East Asian Nations (ASEAN) have agreed to cooperate in securing food price stability in the region. "Essentially, we together agreed not to take steps that could bring the distortion or worsen the chaos of markets. It's very important to make sure food prices, even if rise, not to fluctuate to the illogical level,' said Indonesian Trade Minister Mari Elka Pangestu at an ASEAN Economic Ministers' meeting in Bali on Saturday.