Articles by World Development Movement
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UK Food Speculation: GM Isn’t the Answer to Hunger
World Development Movement – TRANSCEND Media Service,
14 Feb 2011
“The Beddington report does not accurately reflect the real cause of hunger in developing countries. The current record food prices are down to banks and hedge funds betting on food. The hot speculative inflows of money into commodity markets are dramatically pushing up the price of foods like bread, sugar and corn. GM is not a magic bullet to cure global hunger. If the UK government really wants to reduce hunger in the developing world, they should break free of the grip of the GM and banking lobbyists, and crack down on predatory speculation by banks and hedge funds which will ensure stable and lower food prices.”
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