Tagged: food price volatility
Before the opening of the Committee on Food Security’s annual meeting in Rome (7 October), Oxfam called for Governments to ensure that biofuel policies do not force poor farmers off their land and fuel food price spikes.
Little will be done to curb harmful food speculation today as EU finance ministers meet to approve their position on the new Markets in Financial Instruments Directive (MiFID II) – which sets new regulations for financial markets. According to a broad coalition of environmental and development organizations, loopholes in the legislation will render it ineffective to prevent food speculation, and the resulting food price spikes that hit the poorest the hardest.
The Sahel Working Group, a consortium of International NGOs, today launched a report evaluating the responses to the 2005 and 2010 food crises, concluding that the Sahel is “in a state of permanent crisis” requiring smarter and earlier investment in the region.
The UN’s Committee on World Food Security today showed that it is up to its role as the central body of the global governance on food security, agriculture and nutrition. However a number of governments showed that they are not yet ready to address the structural causes of the broken food system.