U.S. firms, gov't aggravate global food crisis, says U.S. expert
NEW YORK, Sept. 19 (Xinhua) -- Speculative behaviors of Wall Street firms and grain giants in the global market, and the U.S. government's support for such businesses, have aggravated the worldwide food crisis amid the ongoing Ukraine conflict, a U.S. expert has said.
Frederic Mousseau, policy director at the Oakland Institute, pointed out that a major problem is the jump of prices resulting from market speculation by investment companies and big food corporations.