Members of the European Parliament from all political groups voted for tightening proposed rules against food speculation, but fell short of the votes needed to force the Commission to amend them.
New rules adopted today by the Commission to limit food and commodity price speculation will prove ineffective in ending a gambling which puts the lives of millions of people in the developing world at high risk.
Since March 2015, more than three million Yemenis have fled their homes, displaced by ongoing conflict. This paper sets out what they are facing and what governments, armed parties and agencies must do to help them get back on their feet and reduce the chance of an entrenched, long-lasting crisis.
In most of sub-Saharan Africa, maize is a staple food crop. This paper explores some of the reasons why maize markets fail and argues that a major reason is because there is so little trust or cooperation between governments and private traders.
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?