Steve Johnson is rather sceptic in the Financial Times (August 19) on the evidence that speculative investment pushes up prices beyond the level that intrinsic supply and demand would dictate. interesestingly, he does propose that a precautionary should be applied. He writes: ‘if speculation does push up spot prices then people die. If it doesn’t, […]
Category Archives: Latest News
24
Aug
Aug
“Food prices are increasing, partly due to drought in the US and biofuel production, but we fear that speculation will drive prices even higher,” says Anne Van Schaik, accountable finance campaigner at Friends of the Earth Europe. “If we do not take any action right now, we may very well face another food crisis really […]
31
Jul
Jul
Abstract Recent droughts in the midwestern United States threaten to cause global catastrophe driven by a speculator amplified food price bubble. Here we show the effect of speculators on food prices using a validated quantitative model that accurately describes historical food prices. During the last six years, high and fluctuating food prices have lead to […]