Interview: Wall Street speculation is the key reason why global food prices rose -Muso, director of the policy department of the Policy Department of the U.S. Think Tank Institute

Xinhua News Agency, New York, September 20th: Wall Street speculation is the key reason why global food prices rise -Muso, director of the policy department of the U.S. Think Tank Institute of Think Tank

Xinhua News Agency reporter Liu Yan

Frederick Muso, director of the policy department of the U.S. Think Tank Institute of Think Tank, said in an exclusive interview with Xinhua News Agency reporters that the current global food crisis intensifies, one of the important reasons is Wall Street investment institutions and Western large -scale food and agricultural chemical companies borrowing the Ukrainian crisis crisis Push the price of food and make money from it.

Muso, who has long studied the world's grain issues, said that related data showed that there was no shortage of global food supply this spring. However, after the upgrading of the Ukraine crisis, a large number of speculators took the opportunity to pour in the market to buy food futures, which led to a high price of grain, allowing many poor countries that rely on international markets to supply food to pay import bills, and hundreds of millions of people encountered a food crisis.

According to data recently released by the Food and Agriculture Organization of the United Nations, the Global Food Price Index reached 159.7 in March this year and 135.6 in January.

Mo Suo told reporters that the international food and agricultural market is highly speculative. Investment institutions and traders from Wall Street and other places engaged in speculative activities is a key factor for rising prices. In addition, the global grain market is largely controlled by a small number of companies, especially some large American and European companies, which are dominant in the international market.

Musuo said that the US government supports Wall Street investment funds and banks to conduct large -scale agricultural investment in other countries, and these institutions want to get high returns. At the same time, the U.S. government has provided support to large agricultural enterprises in the country for decades, and tried to promote the reform of food and agricultural systems that are conducive to profitable US companies.

Mo Su believes that in order to cope with the food crisis, Western countries such as the United States should take measures to curb speculation. At the same time, those most vulnerable countries should take measures to reduce their dependence on imported food and expand local grain planting.

[Editor in charge: Liu Xiaodong]

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