The global food system works only for the few – for most of us it is broken.
South Africa is facing its smallest maize harvest since 2007 this year as record-high temperatures and drought continue to hit its agricultural sector. According the government’s Crop Estimates Committee, only 7.44 million tons of maize is likely to be harvested in 2016 - that’s 25 percent less than the 9.94 million tons reaped.
Despite overwhelming evidence about the negative link between biofuels and food security, countries refused to take action on policies fueling land grabs, prices spikes and hunger.
Local food reserves can contribute to food security strategies and have the potential to empower communities.
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.
How can low carbon development be pursued without making inequality and food insecurity worse?
Today, the European Commission published its first Communication on the impact of EU biofuels policy on food security and land rights in developing countries.
Onus of incorporating strong rules to limit speculation on food commodities into Markets in Financial Instruments Directive (MiFID) now lies with Member States