In The News

Deadly Greed: The Role of Speculators in the Global Food Crisis

Beat Balzli April 25, 2008
Investors, sensing opportunity in climbing food prices, made record profits in the commodities markets, including wheat, corn, rice and palm oil. “Commodity speculation spread long ago from standard products like oil and gold to anything edible and available for trade on the Chicago Futures Exchange,” write Beat Balzli and Frank Hornig for Spiegel Online. The futures market allowed farmers to...

Global Approach Required to Tackle Food Prices

Dominique Strauss-Khan April 21, 2008
Warnings about climate change, biofuels, use of agricultural land for other purposes and the herd mentality of the financial markets have been ample over the past year. Still, food shortages, rising prices and the resulting humanitarian crisis have come as a surprise for some governments. The managing director of the International Monetary Fund calls for immediate global planning. “Unless we act...

The Fury of the Poor

Spiegel Staff April 18, 2008
People living in the world’s poorest countries often spend the bulk of their incomes on food. But with the prices of some staples doubling or more, food has become unaffordable. Despair and shame can quickly transform into violence, note a team of writers with Spiegel Online. An unchecked growing world population, climate change and loss of agriculture land, large refugee populations that cannot...

Outpacing Resources

Nayan Chanda April 15, 2008
In 1798, economist Thomas Malthus predicted that population growth could lead to declining resources and catastrophe. The global population was then less than a billion, and critics dismissed his concerns. Now, the human population has grown more than sixfold, and is estimated to reach 9 billion in less than 50 years. Shortages of basic resources, including oil, food and water are not uncommon in...

Food Prices Stir Poverty Concern

April 11, 2008
Development and trade have lifted many from poverty, but have also widened inequality around the globe. Diverting grain crops from food products to biofuels depleted global food stocks causing spikes in prices. Climate change and a declining dollar also add to prices. Reports of food riots and families stretching meals by adding dirt as an ingredient reveal growing desperation in the world’s...

The Age of Scarcity?

Chris Farrell April 9, 2008
The world is facing a surfeit of scarcity. The emergence of new economic heavyweights like China and India has increased global demand, even as many observers warn that past development has left the world’s resources dangerously depleted. These arguments, combined with alarming increases in food and energy prices, have led some to believe that Malthus was right after all: Economic growth is...

Monsanto’s Harvest of Fear

Donald L. Barlett April 7, 2008
Relying on genetics and biotechnology, the Monsanto Company creates and patents specialized seeds with built-in protections against insects, fungus and disease as well as tolerance for heat, drought and other stresses – all of which can increase crop yields. The catch with Monsanto patents is that farmers can no longer collect seeds from their own crops at the end of the season. Donald L. Barlett...