The Minneapolis City Council approved a resolution today put forth by the Homegrown Minneapolis initiative to support the production, sale and consumption of local, sustainably produced foods in the city and surrounding region.
A report issued today by the Senate Permanent Subcommittee on Investigations found that excessive speculation by commodity index traders drove up wheat prices and disrupted the market. The report confirms the urgent need for new regulatory safeguards on excessive speculation in commodity markets, according to the Institute for Agriculture and Trade Policy.
Remember when the cost of a loaf of bread rose rapidly last year due to skyrocketing wheat prices? A new Senate report says excess speculation by financial investors with no connection to actual wheat markets drove up prices for profit.
The group of 19 agricultural exporters known as the Cairns Group will meet June 7-9 in Bali, Indonesia. They will be discussing their position as a force within the WTO Doha negotiations on agriculture.
Policies enacted by the United States and the European Union, and aggressively pushed through global institutions during the last several decades, laid the ground for the ongoing food crisis.
The U.S. and the European Union have a particular responsibility to address the global food crisis. This report outlines how they could play a constructive role.
