EU Finance Ministers’ meeting Brussels
Finance Ministers are expected to review their position on the Markets in Financial Instruments Directive (MiFID). Strong evidence suggests that a link exists between speculation on commodities 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. Oxfam-in-Belgium will be releasing a report detailing the involvement in food speculation of banks based in the country.
20 June, 2013 - 23:00