SUBSCRIBE

Breaking News on Food & Beverage Development - EuropeUS edition | Asian edition

Trends > Food prices

WDM campaign supports food speculation controls in Europe

03-Feb-2011
Last updated on 04-Feb-2011 at 12:31 GMT2011-02-04T12:31:39Z

WDM campaign supports food speculation controls in Europe
WDM campaign supports food speculation controls in Europe
Loading the player...

A campaign is in full flight to build public support for European curbs on excessive food commodity speculation and prevent US over-the-counter traders moving to ‘light touch Europe’.

Speaking outside the Food Justice conference in London this week, World Development Movement (WDM) campaigner Heidi Chow said that historical controls on over-the-counter trading (OTC), put in place in the 1930s, have been eroded by financial lobbyists. Secretive OTC trading is understood to be one of the reasons behind the 2007/8 food price crisis, along with other factors.

The implementation details of the US Dodd-Franck Wall Street Reform and the European Commission is consulting over parallel moves. However the UK has traditionally veered away from regulation, and there is concern that crucial UK votes against it could stand in the way of an EU move. Chow explained that if the European Commission does not regulate in parallel, OTC traders from the US may flee to “light touch Europe”.

The WDM campaign is aiming to build up public pressure to get the UK government behind the European moves.

More information on the WDM campaign is available here .

FiE 2015: Our best bits

FiE 2015: Our best bits

Our teams of journalists were out in force at Food Ingredients Europe (FiE) last...

New tech on EFSA’s horizon: Crowdsourcing and cyber assistants

New tech on EFSA’s horizon: Crowdsourcing and cyber assistants

New technology like crowdsourcing and artificial intelligence computers is the future of risk assessment,...

Lab meat, plant proteins and insects: Which alternative proteins will feed the world?

Lab meat, plant proteins and insects: Which alternative proteins will feed the world?

The quest for alternatives to animal-derived proteins has led to a huge amount of...

Food firms should prepare for pre-recession spending

Prepare for pre-recession spend – top economist

Food manufacturers should prepare for a positive three years ahead, as the changing economy...

Creepy proteins will be hot

New proteins are creeping on trend

Alternative proteins are a “hot area” of interest and products such as sandwich spreads...

Salt reduction not a priority for UK consumers: LoSalt survey

Salt reduction not a priority for UK consumers, finds LoSalt survey

Caroline Klinge

sales and marketing manager, LoSalt

‘Nice wine, no corkscrew?’ Mirabeau En Provence wins 8m+ YouTube views

‘Nice wine, no corkscrew?’ Mirabeau En Provence solution strikes YouTube gold with 8 million+ views

Mirabeau En Provence owner Stephen Cronk says the desire for a direct consumer connection...

DSM claims craft brewer interest in gluten-free beer enzyme

DSM claims craft brewer interest in gluten-free beer enzyme

DSM Food Specialities claims that, far from being cautious, craft brewers are embracing the...

Smoothie brand Froosh warns of ‘social washing’ within supply chain

Smoothie brand Froosh warns of ‘social washing’ on supply chain sustainability

Scandinavia’s top-selling smoothie manufacturer Froosh has called for ‘trade not aid’ in developing countries...

Saturated fat guidelines out, food guidelines in?

Get rid of nutrients and focus on foods in guidelines, says sat fat researcher

Benoit Lamarche

Saturated fat researcher, Laval University

EU referendum: vote to stay, says Greencore boss

Four reasons to stay in the EU: Greencore boss

Four factors explain why the food and drink industry would be much better off...

Smart combinations: Juices blend fruit and vegetable ingredients for nutritional punch and flavor appeal

Smart combinations: Juices blend fruit and vegetable ingredients for nutritional punch and flavor appeal

Vegetable ingredients may boost the nutritional content of beverages: but when it comes to...

Refreshment and nutrition drive demand for vegetable ingredients

Refreshment and nutrition drive demand for vegetable ingredients

Vegetable ingredients are winning favor with consumers who value them as a healthy part...

Marketing to the ‘elderly'

Marketing to the ‘elderly’: Overcoming the taboo of getting old

There is a need for public health strategies and products to address Europe's rapidly...

What opportunities does the backlash against sugar create?

What opportunities does the backlash against sugar create?

From links with obesity and type 2 diabetes to government taxes, sugar is currently...

Eat with your eyes: Making sense of multi-sensory food

Eat with your eyes: Making sense of multi-sensory food

Food should taste and smell good but what else should and can it do...

The 4 biggest mistakes in healthy marketing

The 4 biggest mistakes in healthy marketing

The Healthy Marketing Team tells us what NOT to do when marketing a healthy...

How the food industry can boost consumer health

Three changes food industry must make to boost health

Food and drink manufacturers must make three changes across their businesses to help boost...

Food industry new starters offered top tip

Food business starters should be hungry for knowledge

Young people starting their food business careers should hungry for knowledge about the roles...

Key Industry Events