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

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Daughters of al-Shabab

    Daughters of al-Shabab

    What draws Kenyan women to join al-Shabab and what challenges are they facing when they return to their communities?