Banks are earning huge profits from betting on food prices in unregulated financial markets.
Big investment banks are betting on the price of staple foods, like wheat, maize and soya. This creates instability and pushes up global food prices, making poor families around the world go hungry and forcing millions into deeper poverty.
A number of organisations is campaigning to put pressure on the EU governments to back European proposals regulating betting on food prices in financial markets. Some of these organisations are also targeting the role of speculators in making money by spec