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The inherent volatility of commodity prices hurts the poor the most, as they are least able to hedge their risks.
Mr. Sarkozy and Mr. Obama were also expected to discuss the volatility of commodity prices, a possible tax to help finance development and a strengthening of the International Monetary Fund.
Mr. Menon said the global governance group was currently focused on the work of the G-20 and had so far submitted four sets of papers related to development, labor, food security and the volatility of commodity prices.
He has floated plans for an ambitious overhaul of the international monetary system, diversifying global currency reserves away from the dollar, and wants to reign in what he deems excessive volatility of commodity prices.
"Global economic conditions continue to impact the energy industry both in the volatility of commodity prices and reduced demand for products," the company's chairman and chief executive, Rex W. Tillerson, said in a statement.
For many countries, the immediate challenges come mainly from outside, in the form of lower exports to advanced countries, volatility of commodity prices, and high volatility of capital flows.
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The extreme volatility of commodities prices and the unpredictability that comes with it is increasing the cost of doing business for everyone.
Forget the regulation of commodity prices.
"We will not allow our country ever to be at the mercy of commodity price volatility or external markets," he declared.
Still, the most severely impacted victims of commodity price volatility are people in developing countries, where it is common for families to spend 50percentt or more of their total income on food.
There are mechanisms, lots of them, that a government can use to protect the diversity of small scale, artisanal agriculture from the volatility of global commodity prices and diseases.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com