UK firms blamed for food price hike

UK hedge funds are under scrutiny for playing a part in driving up global food prices.

    " />

    Banks and hedge funds in London are coming under increasing scrutiny over their practice of speculating on food prices.

    The allegation is that financial institutions are buying up vast stocks of food, thereby forcing prices to rise.

    This comes as food costs are increasing the world over. And as the revolt in Tunisia and other countries has shown, there is a social price to pay for this kind of rise.

    Al Jazeera's Laurence Lee reports.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    The Muslims of South Korea

    The Muslims of South Korea

    The number of Muslims in South Korea is estimated to be around 100,000, including foreigners.

    Gender violence in India: 'Daughters are not a burden'

    Gender violence in India: 'Daughters are not a burden'

    With female foeticide still widespread, one woman tells her story of being mutilated for giving birth to her daughters.

    Zimbabwe: What's happening?

    Zimbabwe: What's happening?

    Situation tense as thousands march in Harare to call for Robert Mugabe's resignation days after military takeover.