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EU Finance Ministers’ meeting
Finance Ministers are expected to adopt their position on the Markets in Financial Instruments Directive (MiFID). Mandatory limits on speculation on commodity derivatives are necessary to limit harmful speculation on food commodities while restoring the price discovery and hedging functions of markets. Strong evidence supports that a link exists between speculation by financial counter-parties and greater food price volatility and, in some cases, higher food prices. High and volatile food prices have had a devastating impact in poor and food import dependent countries, causing increased hunger, conflict and instability.
8 July, 2013 - 23:00