AlQa'dah 9, 1433, Sep 25, 2012, SPA -- Minister of Agriculture Dr. Fahd Balghunaim stated that the observatory of basic food commodities launched by the Riyadh Chamber of Commerce and Industry in cooperation with the chair of King Abdullah bin Abdulaziz for food security at King Saud University is an important step in the interest of the efforts of the Ministry of Agriculture to provide the needs of citizens for food commodities. He hailed the role which will be played by the observatory in providing the necessary information and data relating to quantities and prices of strategic food commodities, impact on food security system, help of all the relevant authorities to take sound decisions and measures and support for efforts to achieve agricultural development. The minister made the remarks during his inauguration of the basic food commodities observatory at a ceremony held today in Riyadh Chamber. During the inauguration ceremony, speakers highlighted the role of the observatory and its mechanisms designed to enhance and coordinate national initiatives that improve the performance of decision-makers, farmers and agricultural business sector. The speakers explained that the observatory's mission is to provide statistics and information on agricultural activities for strategic goods locally and globally.