As the media turns to face the food crisis, few pieces strike me as particularly thoughtful. One of the ones that does is this one by Claire Melamed on the profiteering behind the price rises.

Better yet, here's a press release from the Agribusiness Accountability Initiative, whose website hasn't been updated in a while but who still seem to be in business, talking about speculation in price rises. In a future post, I'll see if I can't explain why these international commodity price mechanisms were a good idea 30 years ago, but can't work today... ... read more »

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Posted on 27 April, 2008 - 05:00