Um Guia para a Especulação Alimentar, um artigo que saiu recentemente no The Ecologist explica o porquê do interesse dos Bancos e dos investidores na especulação Alimentar. Fica um excerto do artigo
A guide to food speculation: how to argue with a banker
The financial industry has been quick to dismiss its role in pushing up food prices but with the evidence growing daily the Ecologist cuts through the jargon to explain the reality of food speculation
Financial speculation in rich industrialised countries like the UK and US is pushing up food prices of staples like maize in low-income countries.
Banks including Goldman Sachs and Barclays have created funds that allow investors to speculate on the price of key food crops. It has generated huge profits for those involved, with Goldman Sachs estimated to have made more than $1 billion in 2009 alone and Barclays as much as £340 million a year from trading food commodities.
From a relatively small $3 billion market in 2003, a UN report recently estimated the total amount invested in food commodities had jumped in size to more than $55 billion by 2008.
However, gambling on the price of food comes at a cost. The high volume of trading in food commodity funds is leading to higher and more volatile prices, say campaigners, which affect poor families in less industrialised countries the hardest as they can’t afford basic foods and also make it more difficult for farmers to plan and invest.
Charities like Christian Aid and even UN representatives are now calling for tighter regulation to curb volatile price rises – something the banking industry is strongly opposing.
To help you navigate the arguments being made by both sides, former city broker Brett Scott provides this guide to understanding food speculation
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