Regulation, Speculation & World Food Prices
Starts: 16/09/2011 - 10:30am
Ends: 16/09/2011 - 12:30pm
Location: European Parliament Office in Edinburgh
In conjunction with the World Development Movement (WDM), the European Parliament Office in Scotland will host a debate on how the European Union and UK should regulate the food commodity markets and the financial traders and pension funds who speculate on the price of food.
Global food prices are currently soaring higher than the levels reached during the global food crisis of 2008 and are pushing millions more people into poverty. Many people, including the World Development Movement, argue that the current food price volatility is due to excessive speculation by traders in food commodities and derivatives.
In October the European Commission is due to propose new rules on the trading of commodities, including food and energy, as part of the Markets in Financial Instruments Directive (MiFID). This could mean greater market transparency and new regulation which could help prevent price volatility.
This event aims to begin the debate on how food commodities should be regulated, with the participation of Scottish MEPs, WDM, local food groups and other interested people. It is a public event, open to all. To register,