Pope slams selfish food speculators, urges curbs on world commodity markets

Pope Benedict stated that financial trading based on “selfish attitudes” is spreading poverty and hunger and called for more regulation of food commodity markets to guarantee everyone’s right to life.
The Rome-based Food and Agriculture Organisation’s (FAO) food price index hit a record high earlier this year, reviving memories of soaring prices in 2007-08 that engaged riots in developing countries.
A controversy exists over how much a new wave of investments by funds into commodities has contributed to pushing up prices.

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