The profits of Cargill, the US agribusiness giant, nosedived in the last quarter. The company blames speculators for distorting food commodities markets. Sound familiar?
Four European countries are protecting their banks from market speculators by slapping a ban on their trading methods. No such luck for poor countries affected by food prices running out of control.
The Ethiopia Commodities Exchange is a brave initiative to hook up farmers to customers they would never find within narrow local markets.
The 6th annual Festival of Economics opens next week in the Italian city of Trento. “The Borders of Economic Freedom” will be debated by a wide range of distinguished speakers, including Amartya Sen, Vaclav Havel, Dani Rodrik and William Easterly.
Ambitious plans by the world’s largest commodities trader to raise capital in the London and Hong Kong markets may be at risk from the threat of international regulatory scrutiny of the sector.