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of 2000. De
Schutter told the Independent in March 2012: "What we are seeing now is that these financial markets have developed massively with the arrival of these new financial investors, who are purely interested in the short-term monetary gain and are not really interested in the physical thing –
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in 1776 reasoned that the only way to make money from commodities trading is by buying low and selling high, which has the effect of smoothing out price swings and mitigating shortages. For the actors, the apparently random swings are predictable, which means potential huge
166:; they only buy a promise to buy or to sell. The result of this financialization of the commodities market is that the prices of the products respond increasingly to a purely speculative logic. This explains why in very short periods of time we see prices spiking or
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rising from $ 65bn to $ 126bn (£41bn to £79bn) between 2007 and 2012, contributing to 30-year highs. This has caused price fluctuations which are not strongly related to the actual supply of food, according to the United
Nations.
197:, have pointed out that prices have increased irrespective of supply and demand issues: Ghosh points to world wheat prices, which doubled in the period from June to December 2010, despite there being no fall in global supply.
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exploding because prices are less and less determined by the real match between supply and demand." In 2011, 450 economists from around the world called on the
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with the aim of profiting from changes in food prices. Food speculation can be both positive and negative for food producers and buyers. It is betting on
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Some experts have said that speculation has merely aggravated other factors, such as
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Food
Commodity Speculation, Hunger, and the Global Food Crisis: Whither Regulation
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By 2010, financial institutions made up 61% of all investment in
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is thought to have been be partially caused by such speculation.
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have been accused of pushing up prices, with investment in food
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An
Inquiry into the Nature and Causes of the Wealth of Nations
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403:(2010). "The Unnatural Coupling: Food and Global Finance".
101:, speculation does not mean that real food shortages or
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495:"Safeguarding Food Security In Volatile Global Markets"
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need to be evoked, the price changes are only due to
241:Gunther Capelle-Blancard,Dramane Coulibaly (2011).
185:and overall rising demand. However, some such as
379:London School of Economics and Political Science
109:activity. Food speculation may be a reason for
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425:10.1111/j.1471-0366.2009.00249.x
353:National University of Singapore
268:. University of Chicago Press.
115:2007–08 world food price crisis
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528:. You can help Knowledge by
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493:Adam Prakash, ed. (2011).
405:Journal of Agrarian Change
319:Vidal, John (2011-01-23).
247:Économie Internationale
49:by global players like
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149:futures. According to
264:Smith, Adam (1977) .
125:Institutions such as
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344:Islam, M. Shahidul.
97:In contrast to food
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411:(1). Wiley: 72–86.
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590:Food stubs
569:Categories
377:(Thesis).
330:2019-08-21
302:2019-08-21
228:References
79:Adam Smith
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387:155654460
207:Agflation
195:New Delhi
183:bio-fuels
111:agflation
26:or other
474:April 1,
468:Archived
201:See also
103:scarcity
99:hoarding
90:or even
65:such as
413:Bibcode
358:23 June
168:bubbles
121:History
107:trading
88:poverty
84:profits
32:traders
500:. fao.
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113:. The
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520:This
498:(PDF)
383:S2CID
349:(PDF)
164:maize
147:wheat
71:maize
67:wheat
51:banks
45:Food
526:stub
522:food
476:2012
429:ISSN
360:2021
270:ISBN
133:and
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421:doi
251:2–3
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172:G20
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