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.

[Ghost]

How many farms around the world have shut down miles? How many farms have sold out and/or abandoned their farms in the last year? Care to take a guess? How many crops in the last year have been ruined in floods or drought? Not less food in the world. You'r joking right?

[brocktonblockbust]

How many farms around the world have shut down miles? How many farms have sold out and/or abandoned their farms in the last year? Care to take a guess? How many crops in the last year have been ruined in floods or drought? Not less food in the world. You'r joking right?

Shoot 'em all. Shoot the bastards. Kill 'em. The protesters are no good. Tell 'em Ghost.

[Gandalf]

How many farms around the world have shut down miles? How many farms have sold out and/or abandoned their farms in the last year? Care to take a guess? How many crops in the last year have been ruined in floods or drought? Not less food in the world. You'r joking right?

No I am not joking. There is an abundance of food on this planet being produced everyday.

Natural disasters do happen and play their part, but that fails to account for the increased role that speculation has been playing in these markets. It is well documented and that's why the G20 put it on their agenda 18 months back. But it has fallen off the radar and food prices are continuing to spike.

There is plenty of food out there.

[brocktonblockbust]

tons of food are being dumped (when farms exceed their quotas) into the ocean off the Carolina coasts.

[Dia bando]

We should not waste food but we do but just to dump it in the sea but just like the EU fishing quotas fuck what a MAD WORLD we live in

[brocktonblockbust]

corn, soybeans, yams, tons dumped every season into the atlantic.

[pacfan]

7 billion sonafaguns, alright that includes me, and still counting. It's either someone go hungry or share. Share? not in my time, babes. But then, some new thangs are going on these days around the world. Are they for the good or the worse. We'll have to see, I guess.