Add climate change to the factors that shape global trade. Along with exchange rates, costs of production, availability of raw materials and market demand, a change in climate can redirect trade flows, raise the price of trade goods and create openings for new...
Type Casting?
Corn ethanol is cast as a culprit in rising food prices (again) A Financial Times report from the Commodity Markets Council annual meeting (this week in Palm Beach) notes that Dodd-Frank financial system reforms top the list of worries for the commodities futures...
Sizing up the Usual Suspects
Sorting out possible causes as yet another global food crisis looms The world’s poorest are at risk of being priced out of the market for food because … we’re burning corn and other staple crops for biofuel … the rising middle classes in the BRICs and beyond are...