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    • WATCH: More than 200,000kg of food saved, distributed annually July 18, 2018
      Kaibosh fights back against food waste and food poverty with the help of the community. ABBY SINCLAIR PARKER reports The post WATCH: More than 200,000kg of food saved, distributed annually appeared first on NewsWire.co.nz.
      Abigail Sinclair-Parker
    • Newtown Market an example of increasing self-employed numbers July 18, 2018
      Newtown Market's Nomie Julian is enjoying her new role as organiser of the market, where stallholders get the chance to try working for themselves. ABIGAIL SINCLAIR-PARKER reports the stall-holders are among an increasing number of self-employed according to government statistics. The post Newtown Market an example of increasing self-employed numbers ap […]
      Abigail Sinclair-Parker
    • Children inspire all-natural beauty products July 18, 2018
      ABIGAIL SINCLAIR-PARKER talks to a sustainable local business, and asks locals in the street how they try to live sustainably The post Children inspire all-natural beauty products appeared first on NewsWire.co.nz.
      Abigail Sinclair-Parker
    • PHOTO ESSAY: A day in the life at Juliette Florist July 16, 2018
      Juliette florist is a boutique in Wellington. ABBY SINCLAIR PARKER spends a day with them. The post PHOTO ESSAY: A day in the life at Juliette Florist appeared first on NewsWire.co.nz.
      Abigail Sinclair-Parker
    • WATCH: Kitten season takes over SPCA in Wellington July 3, 2018
      Kitten season in Wellington is ending, which causes a bigger demand for foster careers The post WATCH: Kitten season takes over SPCA in Wellington appeared first on NewsWire.co.nz.
      Nikita Rawnsley-Wratt
    • Ra Smith: Reviving the “people’s marae.” July 3, 2018
      A Māori community leader is vying to make a Wairarapa marae vibrant again. THOMAS CROSKERY reports. The post Ra Smith: Reviving the “people’s marae.” appeared first on NewsWire.co.nz.
      Thomas Croskery
    • Online versus in-store fine balance for The Mews partners July 3, 2018
      Domestic online retail sales are growing at a faster pace than international, but all is not lost for in-store retail. JULIA STEEL reports. The post Online versus in-store fine balance for The Mews partners appeared first on NewsWire.co.nz.
      Julia Steel
    • WATCH: Zoo fights plastic for World Environment Day July 2, 2018
      Over 700 marine species are affected by plastic in our oceans. Courtney Day finds out how Wellington Zoo raises awareness. The post WATCH: Zoo fights plastic for World Environment Day appeared first on NewsWire.co.nz.
      Courtney Day
    • Increasing numbers of Kiwis leave for Asia a longer-term trend July 1, 2018
      People are departing New Zealand for overseas in the largest numbers since 2014 and Asia is increasingly attractive. NZ China Friendship national president Dave Bromwich talks to SAM ROBINSON about the trend of younger Kiwis moving to China for business opportunities. The post Increasing numbers of Kiwis leave for Asia a longer-term trend appeared first on N […]
      Samuel Robinson
    • PHOTO ESSAY: A taste of France in capital July 1, 2018
      The Renault French Festival’s French Village brought European expats, tourists and Kiwi Francophiles together. JULIA STEEL had a taste. The post PHOTO ESSAY: A taste of France in capital appeared first on NewsWire.co.nz.
      Julia Steel
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Price speculation impacting food supplies

The Guardian has a story in which head of the International Food Policy Research Institute (IFPRI), Joachim von Braun, says tighter regulation is needed to ensure speculators don’t cause an artificial demand in global food markets.

He says if regulation is not tightened, prices would increase excessively and the risk of malnutrition would increase.

He was one of the first to predict the sharp rise in food prices, which has seen protests in Italy, Mexico and India, as well as the number of starving people rise from about 800 million to more than 1 billion:

The world food market is still “seriously exposed” to speculators artificially driving up prices and worsening the risks of malnutrition, according to one of the world’s leading agricultural researchers.

Linking the recent food and financial crises, Joachim von Braun, the head of the International Food Policy Research Institute (IFPRI), warned that the world was at risk of a new panic over grain unless commodity markets were more tightly regulated and production expanded.

“The banking sector is in the process of being re-regulated worldwide, but the food market remains seriously exposed to short-term flows of indexed funds into commodity exchanges. That vulnerability needs to be addressed,” he said in an interview with the Guardian. READ MORE.

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Speculators accounted for 71% of oil contracts of the NYMEX

Reuters have obtained statistics from the Commodity Futures Trading Commission (CFTC) which shows that speculators accounted for 71% of the benchmark oil contracts on the New York Mercantile Exchange (NYMEX), the world’s largest for energy trading, as of April 2008.

The story also looks at what impact the proposed regulation by CFTC chairman Gary Gensler could have on big players like Goldman Sachs, which has made a killing from speculating on oil trading:

Fewer than one out of every 10 barrels of oil traded on U.S. futures exchanges gets delivered to consumers, an equation that may change under sweeping new restrictions being weighed by the government’s top commodities regulator.

With plans to curb speculation in energy trading, U.S. Commodity Futures Trading Commission chairman Gary Gensler could push banks and funds, which now buy and sell the lion’s share of oil and gas contracts, to seek opportunities elsewhere, industry watchers say. READ HERE

Goldman Sachs speak out on proposed CFTC regulation

Reuters has a story in which Goldman Sachs chief financial officer David Viniar says the bank’s energy trading is hedging and should be exempt from proposed U.S. government limits on the volume of contracts that speculators can trade. READ HERE