Investment banks’ revenue from food speculation 2010-2012

March 2013

Based on the calculations below, we estimate that in the three years 2010 to 2012, the top five banks involved in food speculation – Barclays, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley – made around £2.2bn from trading food commodity contracts. This figure is an estimate based on a number of assumptions and using two different methodologies and the actual figure could be higher.

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