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The Financialisation of Food
Susan Newman (University of the West of England), Sophie van Huellen (SOAS), Joseph Baines (King's College London) and Tania Salerno (University of Amsterdam)
Deregulation of commodity futures markets in the early 2000s precipitated a growing interest of financial investors in commodity derivative markets, including food. This ‘financialisation’ of commodity markets arguably fuelled price volatility and speculative bubbles. The link between financial markets and food prices has served as one of the main transmission channels of the financial meltdown in 2008 to world trade and the real economy, with severe consequences for food security and income for some of the world’s poorest. At the same time, liberalisation of domestic markets paired with soaring and volatile food and fuel prices over recent decades have fostered an increasing dominance of large corporations in agri-food sectors with implications for the distribution of income across stakeholders. This panel aims to draw together several papers that shed light on the complex and multitude of linkages between finance and food.
This episode features Panel 3 of the Workshop on ‘Political Economy Approaches to Food Regimes.’ This one-day workshop, was organised by the SOAS University of London Food, Nutrition and Health in Development Research Custer and brought together topics in contemporary food regime studies examined from a political economy perspective. Topics included inequality and food security, the state and food sovereignty, food regimes and the politics of conflict and financialisation of food.
Paper One: ‘Financialisation Along Agro-Food Chains - Towards an Analytical Framework’ by Dr Susan Newman (University of the West of England, UK)
Paper Two: ‘How Financial Investment Distorts Food Prices: Evidence from US Grain Markets’ by Dr Sophie van Huellen (SOAS University of London, UK)
Paper Three: ‘Profiting from Food Crisis? Farmers, Commodity Traders and the Distributional Dynamics of Financialization’ by Dr Joseph Baines (King's College London, UK)
Paper Four: Cargill’s ‘Global Acquisition Agenda’: Increased Control Through Financialisation by Dr Tania Salerno (University of Amsterdam, Netherlands)
Organiser: SOAS University of London Food, Nutrition and Health in Development Research Custer
Event Date: 19 January 2018
Released by: SOAS Economics Podcast
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By SOAS Economics Podcast
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Susan Newman (University of the West of England), Sophie van Huellen (SOAS), Joseph Baines (King's College London) and Tania Salerno (University of Amsterdam)
Deregulation of commodity futures markets in the early 2000s precipitated a growing interest of financial investors in commodity derivative markets, including food. This ‘financialisation’ of commodity markets arguably fuelled price volatility and speculative bubbles. The link between financial markets and food prices has served as one of the main transmission channels of the financial meltdown in 2008 to world trade and the real economy, with severe consequences for food security and income for some of the world’s poorest. At the same time, liberalisation of domestic markets paired with soaring and volatile food and fuel prices over recent decades have fostered an increasing dominance of large corporations in agri-food sectors with implications for the distribution of income across stakeholders. This panel aims to draw together several papers that shed light on the complex and multitude of linkages between finance and food.
This episode features Panel 3 of the Workshop on ‘Political Economy Approaches to Food Regimes.’ This one-day workshop, was organised by the SOAS University of London Food, Nutrition and Health in Development Research Custer and brought together topics in contemporary food regime studies examined from a political economy perspective. Topics included inequality and food security, the state and food sovereignty, food regimes and the politics of conflict and financialisation of food.
Paper One: ‘Financialisation Along Agro-Food Chains - Towards an Analytical Framework’ by Dr Susan Newman (University of the West of England, UK)
Paper Two: ‘How Financial Investment Distorts Food Prices: Evidence from US Grain Markets’ by Dr Sophie van Huellen (SOAS University of London, UK)
Paper Three: ‘Profiting from Food Crisis? Farmers, Commodity Traders and the Distributional Dynamics of Financialization’ by Dr Joseph Baines (King's College London, UK)
Paper Four: Cargill’s ‘Global Acquisition Agenda’: Increased Control Through Financialisation by Dr Tania Salerno (University of Amsterdam, Netherlands)
Organiser: SOAS University of London Food, Nutrition and Health in Development Research Custer
Event Date: 19 January 2018
Released by: SOAS Economics Podcast