Food price crisis: the role of speculation and concrete proposals for action in the aftermath of the Ukraine war

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EESC section opinion: Food price crisis: the role of speculation and concrete proposals for action in the aftermath of the Ukraine war

Practical information

  1. Composition of the study group
  2. Administrators / Assistant in charge: Monica GUARINONI/ Gaia BOTTONI/ Isabel ANTUNES
  3. Contact

Background

In the EESC resolution adopted at the June plenary on "Ukraine – from relief to reconstruction – proposals by European civil society", the EESC draws attention to the global food-price crisis exacerbated by the Ukrainian war and calls on Member States and EU institutions to take the necessary steps to curb excessive commodity speculation and to enhance market transparency.

Considering the extent of the food security crisis and the urgency to address the issue of excessive commodity speculation, the own-initiative opinion will aim at: 

  • analysing the current situation in more detail;
  • gathering experts' views on the impacts of commodity speculation on food price increases and food security worldwide;
  • providing civil society's recommendations on policy measures that are needed to address excessive price speculation and increase market transparency.