Tuesday, June 5, 2012

Global Food News: Agricultural Commodities Speculation and Global Food Insecurity

Today, we present you with two videos that focus on the widespread speculation in agricultural commodities during the 20th and early 21st centuries, and the effect of this speculation on volatility of food prices and global food insecurity. The first clip is a BBC newscast from 2010, in which Olivier De Schutter, the United Nations Special Rapporteur on the Right to Food, presents information from his report, "Food Commodities Speculation and Food Price Crises":

The second is a short piece from Oxfam Germany, depicting the disastrous effect of that rampant speculation on the the world's food insecure:

For further reading on this subject, please see De Schutter's piece (linked above) and "The great hunger lottery: how banking speculation causes food crises", an informative and detailed report released by the World Development Movement in July 2010.

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