Food commodities speculation is the new toy of money players

[Gandalf]

Grow you'r own food.

March on the supermarkets, not the growers. But that's ok, dam them all right.

I live on the 10th floor, I rely on people growing food for me. I believe farmers should earn decent money and I believe in paying for food, but it should be down to natural supply and demand not excessive speculation which causes prices to spike beyond all sense of control. The issue is financial institutions, not farmers. Farmers are important and necessary.

It don't work that way miles. The less food on the market, the higher the prices go. More food in surplus means the price comes down.

Living on the 10th floor does not stop you from growing food, btw. It's called Square Foot Gardening. Had one when I lived in an apartment and have one now in the back yard.

Yes it does and obviously so.

There isn't less food so your equation doesn't make much sense and that is the purpose of this thread. To highlight a very significant problem with food commodities markets. There isn't a lack of food and people are getting rich by playing games with what SHOULD be issues of basic supply and demand and that alone. The prices don't come down at least not to any significant degree. I am talking about staples here. Things like rice, corn etc.

To be fair I don't actually buy any rice as my mother in law is a farmer, so that kind of makes up for the lack of farming output on my balcony. However, that doesn't mean that I don't notice the cost when I venture out into the horrific aisles of E-mart.