Food Speculation And Climate Debt

EDM number 1015 in 2010-12, proposed by Timothy Farron on 16/11/2010.
Categorised under the topics of Economic situation and Food.

That this House is concerned over recent food price volatility and inflation; expresses its sympathy with those affected by food price spikes in 2008 and 2010 especially some of the world's poorest people; notes reports this year by the World Bank, the UN Special Rapporteur on the Right to Food and the World Development Movement that show how deregulated speculation on commodity derivatives drives food price spikes and crashes with devastating consequences including malnutrition and starvation; and calls on the Government to support changes to the EU's Markets in Financial Instruments Directive to move over-the-counter derivatives trades onto centrally-cleared exchanges, and to impose position limits on market participants, so as to reduce price volatility and systemic risk.

This motion has been signed by a total of 60 MPs.