Banks scaling back investment in agriculture. Does financial speculation raise food prices?

In August, two European banks announced that they would be scaling back investment in agricultural commodities. According to Jennifer Clapp of the site Triplecrisis.com, NGO campaigners have lambasted banks and other financial institutions for seeking to profit from such a volatile situation as scarcity resulting from droughts. And their speculation could drive prices upwards, leading to increases in hunger.

Read the full article here.

 

Read Oxfam’s report Cereal Secrets

 

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