Food speculation

Banks are earning huge profits from betting on food prices in unregulated financial markets. This creates instability and pushes up global food prices, leaving millions going hungry and facing deeper poverty.

Food speculation rules face delay


16 November 2015

The financial press was buzzing last week with reports that the high profile EU legislation to tackle the financial crisis of 2007-8 is at risk of being delayed. This legislation was passed at the beginning of 2014 and thanks to public campaigning here in the UK and across Europe, includes provisions to tackle reckless betting on food prices.

Take a stand against betting on hunger… again


30 October 2015

Lady Luck, roulette wheels, gamblers anonymous – just some of the creative ways we used to show how banks were betting on hunger. Our campaign won new rules to tackle the extremes of financial speculation on the most basic of needs. But now almost two years later, the European measures that were agreed are now at risk of being severely watered down.

2014: a year in review


23 December 2014

What a year it's been. We started the year with a big win for our food speculation campaign and continued the year with protests against coal-sponsoring banks and two days of action against the EU-US trade deal (TTIP). A massive thanks to everyone who have helped us make all this possible!

EU negotiators last night agreed to introduce regulation to prevent speculation by banks and hedge funds driving up food prices and exacerbating the global hunger crisis - but opposition by the UK government resulted in serious loopholes.

Food speculation: UK government in bed with the culprits


18 December 2013

Over the last few years, the EU has been trying to pass legislation to curb speculation in the commodity markets.

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Report: Dangerous Futures

December 2013

How our pensions fuel hunger

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Exposed: How the UK government has colluded with the UK finance sector against legislation to curb food speculation

December 2013

Excessive speculation in the commodity markets has increased volatility in global commodity prices, and has played a significant role in the sharp food price spikes of the last few years. Recognising this, European legislators have proposed legislation to curb speculation, as part of a major reform of European financial regulation called the Markets in Financial Instruments Directive (MiFID).

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MEP briefing: Effective reforms for stable food prices

July 2013

Excessive financial speculation in commodity derivatives has significantly increased price volatility and inflation for staple foods and other commodities. This has had negative impacts for consumers and businesses in Europe and has contributed to significant increases in hunger and poverty globally.

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Campaign briefing: Collective solutions to changing food prices

June 2013

Access to adequate food is a basic human need and right. However, throughout most of the world, it is distributed mainly through markets, meaning that access is determined by consumers’ ability to pay, and returns for producers are dependent on the market price. Changes in these prices can have dramatic consequences for people’s quality of life – especially those living in poverty. But collective solutions do exist, and are being put into practice around the world.

Five banks made an estimated total of £2.2 billion from speculating on food including wheat, maize and soy between 2010 and 2012, prompting campaigners to accuse the banks of fuelling a global hunger crisis.

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Food speculation rules face delay


16 November 2015

The financial press was buzzing last week with reports that the high profile EU legislation to tackle the financial crisis of 2007-8 is at risk of being delayed. This legislation was passed at the beginning of 2014 and thanks to public campaigning here in the UK and across Europe, includes provisions to tackle reckless betting on food prices.

Take a stand against betting on hunger… again


30 October 2015

Lady Luck, roulette wheels, gamblers anonymous – just some of the creative ways we used to show how banks were betting on hunger. Our campaign won new rules to tackle the extremes of financial speculation on the most basic of needs. But now almost two years later, the European measures that were agreed are now at risk of being severely watered down.

2014: a year in review


23 December 2014

What a year it's been. We started the year with a big win for our food speculation campaign and continued the year with protests against coal-sponsoring banks and two days of action against the EU-US trade deal (TTIP). A massive thanks to everyone who have helped us make all this possible!

Food speculation: UK government in bed with the culprits


18 December 2013

Over the last few years, the EU has been trying to pass legislation to curb speculation in the commodity markets.

UN calls for regulation of food speculation


06 June 2011

In a report released yesterday, the United Nations called for the regulation of financial speculation on food prices, to prevent “price bubbles”.

Financial gambling by banks, hedge funds and pension funds causes massive hikes in the price of basic foods, making millions of people go hungry. 

Tunisia's struggle and ours; battles in the same war


17 January 2011

As an anti-cuts campaigner in the UK fighting rises in tuition fees or corporate tax dodging or the closure of a local library or redundancies at a city council or (hopefully) all of the above, it wouldn’t be surprising if you have been so busy over the last few weeks that events in Tunisia have passed you by.

Resources

Resource thumbail

Exposed: How the UK government has colluded with the UK finance sector against legislation to curb food speculation

December 2013

Excessive speculation in the commodity markets has increased volatility in global commodity prices, and has played a significant role in the sharp food price spikes of the last few years. Recognising this, European legislators have proposed legislation to curb speculation, as part of a major reform of European financial regulation called the Markets in Financial Instruments Directive (MiFID).

Resource thumbail

Report: Dangerous Futures

December 2013

How our pensions fuel hunger

Resource thumbail

MEP briefing: Effective reforms for stable food prices

July 2013

Excessive financial speculation in commodity derivatives has significantly increased price volatility and inflation for staple foods and other commodities. This has had negative impacts for consumers and businesses in Europe and has contributed to significant increases in hunger and poverty globally.

Latest news

EU negotiators last night agreed to introduce regulation to prevent speculation by banks and hedge funds driving up food prices and exacerbating the global hunger crisis - but opposition by the UK government resulted in serious loopholes.

Five banks made an estimated total of £2.2 billion from speculating on food including wheat, maize and soy between 2010 and 2012, prompting campaigners to accuse the banks of fuelling a global hunger crisis.

More than 450 economists from over 40 countries have called on the G20 finance ministers, who are meeting in Paris this week, to take urgent action to stop financial speculation in commodity markets driving up food prices and fuelling hunger.