In-depth research | World Development Movement

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In-depth research

WDM research

The great hunger lottery - WDM report showing how speculation on food impacts the poor, and what can be done about it.

Broken markets - WDM report showing that financial speculation has a clear impact on rising food prices and countering arguments to the contrary.

Barclays PLC and agricultural commodity derivatives - Report showing that Barclays Capital makes up to £340 million per year from food speculation.

Back to fundamentals (report) - WDM report explaining why position limits are needed to protect consumers, producers and businesses from the impacts of food speculation.

Back to fundamentals (briefing) - Policy briefing explaining why position limits are needed to protect consumers, producers and businesses from the impacts of food speculation.

Research by external economists and international institutions

The food crises: predictive validation of a quantitative model of food prices including speculators and ethonal conversion - Academic quantitative study finding that biofuels are causing a longer-term rise in food prices, while speculation has been responsible for the recent sharp fluctuations.

The relationship between commodities futures markets and food prices - Paper by economists Jayati Ghosh, Robert Pollin and James Heintz exploring whether greater liquidity contributes to more stable prices, and whether futures markets can affect food prices. 

Agricultural outlook 2011-2020 - Report of the UN Food and Agriculture Organisation and OECD, which states that, "Almost all researchers agree that non-commercial participation in futures markets may amplify price movements in the short-term, even if they differ in their conclusions about other possible impacts."

The financialization of commodity markets - Report by the United Nations Conference on Trade and Development (UNCTAD) about the high increase in commodity prices accompanied by the growing presence of financial speculators in commodity markets.

Price volatility in food and agriculture markets: policy responses - Report by the UN Food and Agriculture Organisation (FAO) looking at volatility in commodity markets and what can be done about it.

Price formation in financialized commodity markets: the role of information - Report by the UN Conference on Trade and Development (UNCTAD) on the lack of information in financialised commodity markets.  

Food commodities speculation and food price crises - Briefing note by Olivier de Shutter, the UN Special Rapporteur on the Right to Food, outlining the regulation needed to reduce volatility in commodity markets. 

Placing the 2006/2008 commodity price boom into perspective - Research by the World Bank showing that commodity speculation may have been partly responsible for the 2006-2008 increase in food prices. 

Excessive speculation in agricultural commodities - Collection of writings on food speculation from 2008-2011 put together by the Institute for Agriculture and Trade Policy. 

The Hunger Makers  - Report from Foodwatch on how Goldman Sachs and other financial institutions are driving up the price of commodities through speculation.



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