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Gambling with Foodstuffs - Agricultural Raw Materials as Commodities

October 9, 2012

The commodities markets in Paris and Chicago determine global food prices. Here wheat, corn and soy bean futures get bought and sold. Banks, insurance companies and international investors are all playing the game.

https://p.dw.com/p/16N5s

A poor wheat harvest means both rising wheat and higher food prices in general. Local farmers and merchants no longer have any influence whatsoever on the price of their products. Report by Karl Harenbrock.