Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

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The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.
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&amp;ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&amp;rdquo; FAO&amp;rsquo;s Director-General, Jos&amp;eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&amp;rsquo;s headquarters in Rome, Italy.
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&amp;ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&amp;rdquo; he added.
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The high-level debate on the theme &amp;lsquo;Food Price Volatility and the Role of Speculation&amp;rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&amp;aacute;ndez Reyna.
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In his remarks to the event&amp;rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &amp;ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&amp;rdquo; and not to &amp;ldquo;speculation related to price discovery and the normal functioning of the futures markets.&amp;rdquo;
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According to FAO, President Fern&amp;aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.
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Addressing the debate, President Fern&amp;aacute;ndez reiterated that food price swings were having a &amp;ldquo;tremendous human impact&amp;rdquo; and cautioned against using food commodities purely as financial instruments.
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&amp;ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&amp;rdquo; he said, adding that, &amp;ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&amp;rdquo; and also puts governments at risk of destabilization.
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FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.
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&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.
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In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.
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In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.
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The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&amp;ldquo;Excessive food price volatility,...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The United Nations&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&amp;rdquo; FAO&amp;rsquo;s Director-General, Jos&amp;eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&amp;rsquo;s headquarters in Rome, Italy.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The high-level debate on the theme &amp;lsquo;Food Price Volatility and the Role of Speculation&amp;rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&amp;aacute;ndez Reyna.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In his remarks to the event&amp;rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &amp;ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&amp;rdquo; and not to &amp;ldquo;speculation related to price discovery and the normal functioning of the futures markets.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to FAO, President Fern&amp;aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Addressing the debate, President Fern&amp;aacute;ndez reiterated that food price swings were having a &amp;ldquo;tremendous human impact&amp;rdquo; and cautioned against using food commodities purely as financial instruments.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&amp;rdquo; he said, adding that, &amp;ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&amp;rdquo; and also puts governments at risk of destabilization.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.&lt;/div&gt;&#039;,
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The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.
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&amp;ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&amp;rdquo; FAO&amp;rsquo;s Director-General, Jos&amp;eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&amp;rsquo;s headquarters in Rome, Italy.
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&lt;br /&gt;
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&amp;ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&amp;rdquo; he added.
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The high-level debate on the theme &amp;lsquo;Food Price Volatility and the Role of Speculation&amp;rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&amp;aacute;ndez Reyna.
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&lt;br /&gt;
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In his remarks to the event&amp;rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &amp;ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&amp;rdquo; and not to &amp;ldquo;speculation related to price discovery and the normal functioning of the futures markets.&amp;rdquo;
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According to FAO, President Fern&amp;aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.
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&lt;br /&gt;
&lt;/div&gt;
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Addressing the debate, President Fern&amp;aacute;ndez reiterated that food price swings were having a &amp;ldquo;tremendous human impact&amp;rdquo; and cautioned against using food commodities purely as financial instruments.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&amp;ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&amp;rdquo; he said, adding that, &amp;ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&amp;rdquo; and also puts governments at risk of destabilization.
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&lt;br /&gt;
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FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.
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&lt;br /&gt;
&lt;/div&gt;
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&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.
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&lt;br /&gt;
&lt;/div&gt;
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In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.
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In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.
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-The United Nations





The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&amp;ldquo;Excessive food price volatility,...&#039;
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The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. 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-The United Nations





The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&ldquo;Excessive food price volatility,..."/>
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                <strong>UN food and agriculture agency warns about negative impact of food speculation</strong></h1>
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                <div style="text-align: justify">-The United Nations</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&rdquo; FAO&rsquo;s Director-General, Jos&eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&rsquo;s headquarters in Rome, Italy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The high-level debate on the theme &lsquo;Food Price Volatility and the Role of Speculation&rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&aacute;ndez Reyna.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his remarks to the event&rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&rdquo; and not to &ldquo;speculation related to price discovery and the normal functioning of the futures markets.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to FAO, President Fern&aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Addressing the debate, President Fern&aacute;ndez reiterated that food price swings were having a &ldquo;tremendous human impact&rdquo; and cautioned against using food commodities purely as financial instruments.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&rdquo; he said, adding that, &ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&rdquo; and also puts governments at risk of destabilization.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&rdquo; Mr. Graziano da Silva said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.</div>               </font>
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-The United Nations
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The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.
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&amp;ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&amp;rdquo; FAO&amp;rsquo;s Director-General, Jos&amp;eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&amp;rsquo;s headquarters in Rome, Italy.
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&amp;ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&amp;rdquo; he added.
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The high-level debate on the theme &amp;lsquo;Food Price Volatility and the Role of Speculation&amp;rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&amp;aacute;ndez Reyna.
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Addressing the debate, President Fern&amp;aacute;ndez reiterated that food price swings were having a &amp;ldquo;tremendous human impact&amp;rdquo; and cautioned against using food commodities purely as financial instruments.
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&amp;ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&amp;rdquo; he said, adding that, &amp;ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&amp;rdquo; and also puts governments at risk of destabilization.
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FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.
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&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.
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-The United Nations





The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&amp;ldquo;Excessive food price volatility,...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The United Nations&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&amp;rdquo; FAO&amp;rsquo;s Director-General, Jos&amp;eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&amp;rsquo;s headquarters in Rome, Italy.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The high-level debate on the theme &amp;lsquo;Food Price Volatility and the Role of Speculation&amp;rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&amp;aacute;ndez Reyna.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In his remarks to the event&amp;rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &amp;ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&amp;rdquo; and not to &amp;ldquo;speculation related to price discovery and the normal functioning of the futures markets.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to FAO, President Fern&amp;aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Addressing the debate, President Fern&amp;aacute;ndez reiterated that food price swings were having a &amp;ldquo;tremendous human impact&amp;rdquo; and cautioned against using food commodities purely as financial instruments.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&amp;rdquo; he said, adding that, &amp;ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&amp;rdquo; and also puts governments at risk of destabilization.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;UN food and agriculture agency warns about negative impact of food speculation&#039;,
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-The United Nations
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The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.
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&amp;ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&amp;rdquo; FAO&amp;rsquo;s Director-General, Jos&amp;eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&amp;rsquo;s headquarters in Rome, Italy.
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&amp;ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&amp;rdquo; he added.
&lt;/div&gt;
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The high-level debate on the theme &amp;lsquo;Food Price Volatility and the Role of Speculation&amp;rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&amp;aacute;ndez Reyna.
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&lt;br /&gt;
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In his remarks to the event&amp;rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &amp;ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&amp;rdquo; and not to &amp;ldquo;speculation related to price discovery and the normal functioning of the futures markets.&amp;rdquo;
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&lt;br /&gt;
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According to FAO, President Fern&amp;aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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Addressing the debate, President Fern&amp;aacute;ndez reiterated that food price swings were having a &amp;ldquo;tremendous human impact&amp;rdquo; and cautioned against using food commodities purely as financial instruments.
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&lt;br /&gt;
&lt;/div&gt;
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&amp;ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&amp;rdquo; he said, adding that, &amp;ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&amp;rdquo; and also puts governments at risk of destabilization.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.
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&lt;br /&gt;
&lt;/div&gt;
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&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.
&lt;/div&gt;
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&lt;br /&gt;
&lt;/div&gt;
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In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The United Nations, 6 July, 2012, http://www.un.org/apps/news/story.asp?NewsID=42412&amp;amp;Cr=Food&amp;amp;Cr1=FAO&#039;,
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-The United Nations





The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





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-The United Nations





The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&ldquo;Excessive food price volatility,..."/>
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                <strong>UN food and agriculture agency warns about negative impact of food speculation</strong></h1>
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                <div style="text-align: justify">-The United Nations</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&rdquo; FAO&rsquo;s Director-General, Jos&eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&rsquo;s headquarters in Rome, Italy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The high-level debate on the theme &lsquo;Food Price Volatility and the Role of Speculation&rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&aacute;ndez Reyna.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his remarks to the event&rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&rdquo; and not to &ldquo;speculation related to price discovery and the normal functioning of the futures markets.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to FAO, President Fern&aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Addressing the debate, President Fern&aacute;ndez reiterated that food price swings were having a &ldquo;tremendous human impact&rdquo; and cautioned against using food commodities purely as financial instruments.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&rdquo; he said, adding that, &ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&rdquo; and also puts governments at risk of destabilization.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&rdquo; Mr. Graziano da Silva said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.</div>               </font>
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&amp;ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&amp;rdquo; he added.
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The high-level debate on the theme &amp;lsquo;Food Price Volatility and the Role of Speculation&amp;rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&amp;aacute;ndez Reyna.
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&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.
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&amp;ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&amp;rdquo; he added.
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The high-level debate on the theme &amp;lsquo;Food Price Volatility and the Role of Speculation&amp;rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&amp;aacute;ndez Reyna.
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Addressing the debate, President Fern&amp;aacute;ndez reiterated that food price swings were having a &amp;ldquo;tremendous human impact&amp;rdquo; and cautioned against using food commodities purely as financial instruments.
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&amp;ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&amp;rdquo; he said, adding that, &amp;ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&amp;rdquo; and also puts governments at risk of destabilization.
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FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.
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&amp;ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&amp;rdquo; Mr. Graziano da Silva said.
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-The United Nations





The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&amp;ldquo;Excessive food price volatility,...&#039;
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-The United Nations





The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&ldquo;Excessive food price volatility,..."/>
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                <strong>UN food and agriculture agency warns about negative impact of food speculation</strong></h1>
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                <div style="text-align: justify">-The United Nations</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&rdquo; FAO&rsquo;s Director-General, Jos&eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&rsquo;s headquarters in Rome, Italy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The high-level debate on the theme &lsquo;Food Price Volatility and the Role of Speculation&rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&aacute;ndez Reyna.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his remarks to the event&rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&rdquo; and not to &ldquo;speculation related to price discovery and the normal functioning of the futures markets.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to FAO, President Fern&aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Addressing the debate, President Fern&aacute;ndez reiterated that food price swings were having a &ldquo;tremendous human impact&rdquo; and cautioned against using food commodities purely as financial instruments.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&rdquo; he said, adding that, &ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&rdquo; and also puts governments at risk of destabilization.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&rdquo; Mr. Graziano da Silva said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.</div>               </font>
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-The United Nations
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The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.
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&ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&rdquo; FAO&rsquo;s Director-General, Jos&eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&rsquo;s headquarters in Rome, Italy.
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&ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&rdquo; he added.
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The high-level debate on the theme &lsquo;Food Price Volatility and the Role of Speculation&rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&aacute;ndez Reyna.
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In his remarks to the event&rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&rdquo; and not to &ldquo;speculation related to price discovery and the normal functioning of the futures markets.&rdquo;
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According to FAO, President Fern&aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.
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Addressing the debate, President Fern&aacute;ndez reiterated that food price swings were having a &ldquo;tremendous human impact&rdquo; and cautioned against using food commodities purely as financial instruments.
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&ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&rdquo; he said, adding that, &ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&rdquo; and also puts governments at risk of destabilization.
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FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.
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&ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&rdquo; Mr. Graziano da Silva said.
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In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.
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The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&ldquo;Excessive food price volatility,...',
	'disp' => '<div style="text-align: justify">-The United Nations</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&rdquo; FAO&rsquo;s Director-General, Jos&eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&rsquo;s headquarters in Rome, Italy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The high-level debate on the theme &lsquo;Food Price Volatility and the Role of Speculation&rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&aacute;ndez Reyna.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his remarks to the event&rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&rdquo; and not to &ldquo;speculation related to price discovery and the normal functioning of the futures markets.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to FAO, President Fern&aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Addressing the debate, President Fern&aacute;ndez reiterated that food price swings were having a &ldquo;tremendous human impact&rdquo; and cautioned against using food commodities purely as financial instruments.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&rdquo; he said, adding that, &ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&rdquo; and also puts governments at risk of destabilization.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&rdquo; Mr. Graziano da Silva said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.</div>',
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-The United Nations
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&rdquo; FAO&rsquo;s Director-General, Jos&eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&rsquo;s headquarters in Rome, Italy.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&rdquo; he added.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The high-level debate on the theme &lsquo;Food Price Volatility and the Role of Speculation&rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&aacute;ndez Reyna.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In his remarks to the event&rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&rdquo; and not to &ldquo;speculation related to price discovery and the normal functioning of the futures markets.&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
According to FAO, President Fern&aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Addressing the debate, President Fern&aacute;ndez reiterated that food price swings were having a &ldquo;tremendous human impact&rdquo; and cautioned against using food commodities purely as financial instruments.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&rdquo; he said, adding that, &ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&rdquo; and also puts governments at risk of destabilization.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&rdquo; Mr. Graziano da Silva said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.
</div>',
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-The United Nations





The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.





&ldquo;Excessive food price volatility,...'
$disp = '<div style="text-align: justify">-The United Nations</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,&rdquo; FAO&rsquo;s Director-General, Jos&eacute; Graziano da Silva, said as the opening of a high-level debate on the issue at the agency&rsquo;s headquarters in Rome, Italy.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The high-level debate on the theme &lsquo;Food Price Volatility and the Role of Speculation&rsquo; drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fern&aacute;ndez Reyna.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In his remarks to the event&rsquo;s opening, Mr. Graziano da Silva said that food price volatility was related to &ldquo;excessive speculation in derivative markets, which can increase price swings and their speed,&rdquo; and not to &ldquo;speculation related to price discovery and the normal functioning of the futures markets.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to FAO, President Fern&aacute;ndez has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Addressing the debate, President Fern&aacute;ndez reiterated that food price swings were having a &ldquo;tremendous human impact&rdquo; and cautioned against using food commodities purely as financial instruments.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,&rdquo; he said, adding that, &ldquo;we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people&rdquo; and also puts governments at risk of destabilization.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,&rdquo; Mr. Graziano da Silva said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.</div>'
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UN food and agriculture agency warns about negative impact of food speculation

-The United Nations The world needs to take a hard look at speculation on the financial markets and its potential impact on food price volatility, the head of the United Nations Food and Agriculture Organization (FAO) said today. “Excessive food price volatility, especially at the speed at which price swings have been occurring since 2007, has negative impacts on poor consumers and poor producers alike all over the world,” FAO’s Director-General, José Graziano da Silva, said as the opening of a high-level debate on the issue at the agency’s headquarters in Rome, Italy. “While there has been much analysis of food price volatility, including at FAO, more understanding is still needed, especially concerning the impacts of speculation,” he added. The high-level debate on the theme ‘Food Price Volatility and the Role of Speculation’ drew a panel of international experts on commodities, trade and agriculture, and featured as its keynote speaker the President of the Dominican Republic, Leonel Fernández Reyna. In his remarks to the event’s opening, Mr. Graziano da Silva said that food price volatility was related to “excessive speculation in derivative markets, which can increase price swings and their speed,” and not to “speculation related to price discovery and the normal functioning of the futures markets.” According to FAO, President Fernández has been instrumental in getting the United Nations to increase attention on the issue of excessive food price volatility, through a resolution presented by his country and adopted in December 2011 by the General Assembly. Addressing the debate, President Fernández reiterated that food price swings were having a “tremendous human impact” and cautioned against using food commodities purely as financial instruments. “Financial speculation is exacerbating market fluctuations and this exacerbation is generating uncertainty - this uncontrolled, unregulated exacerbation is provoking a dramatic impact on countries that are net food importers,” he said, adding that, “we are not talking about an abstract concept here, we are talking about something that is having a devastating, dramatic and brutal impact on the lives of people” and also puts governments at risk of destabilization. FAO has noted that in recent years, especially since 2007, the world has experienced the reversal of a four-decade-long downward tendency in the prices of agricultural commodities. The period between 2008 and 2011 was characterized by a series of extreme peaks and valleys in food pricing, which made it especially difficult for economically vulnerable consumers and agricultural producers to cope. “Food price inflation has already been higher than overall inflation in almost every country. This has a greater impact on the poorer population, who can spend up to 75 percent of their income in food,” Mr. Graziano da Silva said. In 2011, FAO, together with the Organisation for Economic Cooperation and Development, coordinated the preparation of the inter-agency report to the Group of 20 (G20) major economies on this subject. At the request of the G20, FAO also hosts the Agricultural Market Information System, aimed at promoting market transparency. In addition, FAO conducts analytical work to help deepen the understanding of the nature, causes, impacts and responses to volatility. This includes looking into the increasingly complex inter-relationships between agricultural, financial and energy markets.