Santo Domingo.- President Leonel Fernandez will state his position on the volatility and speculation on world food prices in a speech slated to start 6am today in the United Nations, in New York.
The speech will close the High Level Debate on the Volatility of Foods and Petroleum Prices, in which UN General Assembly president Nassir Abdulaziz Al-Nasser will also speak.
Prior to his UN speech Fernandez will address the second panel on “The Adoption of Policies to Apply Against the Excessive Volatility of Prices in Foods and Related Financial Commodities Markets,” at 3pm, centered on the topic of the UN and the international community’s roles.
Written by: BASTA, 11 Apr 2012 11:34 AM
From: Dominican Republic, =Ghetto/Legalize Drugs/Free abortions for all
Oh gosh, does he never shut up. Almost as bad as Castro. Lawyers, arhhh
Written by: abc200, 11 Apr 2012 12:38 PM
From: United Kingdom, Dominican Republic
Great leadership land and food prices need controlling.
S.
From: Germany, Koblenz, Rheinland-Pfalz
the (Tops) people who speculates happen to make money out of nothing (!)
IF a poor says I am very poor, he creates more poverty ///
IF a rich says I am very very Rich, he automatically produces more richness (!)
so, where is the fairness, how can poor compete against riches (?)
Written by: juanb, 11 Apr 2012 2:02 PM
From: Dominican Republic
Big Whoopee!!!
LF is giving a speech.
From: Dominican Republic
the (Tops) people who speculates happen to make money out of nothing (!)
Yes this topic needs to be addressed world wide but to beleave the Loe knows how?? If he can not even fix it in the DR and stop the over flooding of imported products into the DR that kill off local producers. Grand speeches on the UN stage, with on real fix or solutions...
From: Germany, Koblenz, Rheinland-Pfalz
"Written by: stillhere, 11 Apr 2012 2:25 PM
From: Dominican Republic
the (Tops) people who speculates happen to make money out of nothing (!)
Yes this topic needs to be addressed world wide but to beleave the Loe knows how?? If he can not even fix it in the DR and stop the over flooding of imported products into the DR that kill off local producers. Grand speeches on the UN stage, with on real fix or solutions..."
Stillhere, how it comes that the matter at hand was proposed by Pres. Leonel Fernandez and embraced between well known world leaders which by the way are supporting his thesis (?)
Common, at least you got to give it up that it was L.F. whom brought this topic to the international sphere (!)
Written by: THINK, 11 Apr 2012 2:57 PM
From: United States, SDQ -- Mia --NY
Mr. Lie-onel needs to control the price rocketting in DR first, then he can talk in U.N.
From: Germany, Koblenz, Rheinland-Pfalz
"Written by: THINK, 11 Apr 2012 2:57 PM
From: United States, SDQ -- Mia --NY
Mr. Lie-onel needs to control the price rocketting in DR first, then he can talk in U.N."
If he has not first, or further most the right to speak on the U.N, how could he ever make a request over the one that are pushing the prices down, an causing so much damage into the global economies (?)
explain that to me ... or would you prefer to impose it upon the ones that can't express themselves about things of their concern (?)
From: Dominican Republic
Common, at least you got to give it up that it was L.F. whom brought this topic to the international sphere
this has been in the international "sphere" for while now and is not new to anyone following world economics and commodity trading.... Yes it good he is talking about it....So what are his solution, what would he do about it??? It's one thing to talk (he does a lot of) and another to imperilment changes within your own country to stop rapid price increases/shortages in commodities.. food, fuel etc ..
Are you so sure he came up with his "thesis" ?
23 September 2010 BRUSSELS – On the eve of an emergency FAO-meeting devoted to instability in agricultural markets, the UN Special Rapporteur publishes a study analyzing the impact of speculation on food price volatility.
Since 1996, the share of the markets for basic foods like wheat held by speculators – who have no connection to food – has increased from 12 per cent to 61 per cent.
Written by: RoyStone, 11 Apr 2012 7:17 PM
From: Australia
First he'll attempt to cure Chavez's cancer with prayer, then solve the world's food shortage with a speech in the UN auditorium. In both cases, now one will be listening.
Written by: RoyStone, 11 Apr 2012 7:20 PM
From: Australia
"Since 1996, the share of the markets for basic foods like wheat held by speculators – who have no connection to food – has increased from 12 per cent to 61 per cent. "
Maybe so, but how much effect has this had on supply, demand and pricing? Futures trading is really just placing a bet that you know better than someone else, what the price will be by a particular date. This is not much different from the share market when you think about it. Yet no one is grumbling about that, or are they?
From: Dominican Republic
Roy look at this page may give a quick understanding?
.wired.com/wiredscience/2012/03/speculation-food-prices/
Written by: RoyStone, 11 Apr 2012 9:03 PM
From: Australia
Interesting article, thanks, stillhere,
I still do think futures commodity trading can produce such huge swings, but assuming it can and does, how is Leo going to stop it? He can't even get is own citizens to stop at traffic lights.
From: Dominican Republic
"how is Leo going to stop it? He can't even get is own citizens to stop at traffic lights."
Sad and funny
All most killed three motor bikers today just going to the shops...... Lucky I had brakes, shame they don't .....Scary....
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S.
IF a poor says I am very poor, he creates more poverty ///
IF a rich says I am very very Rich, he automatically produces more richness (!)
so, where is the fairness, how can poor compete against riches (?)
Big Whoopee!!!
LF is giving a speech.
the (Tops) people who speculates happen to make money out of nothing (!)
Yes this topic needs to be addressed world wide but to beleave the Loe knows how?? If he can not even fix it in the DR and stop the over flooding of imported products into the DR that kill off local producers. Grand speeches on the UN stage, with on real fix or solutions...
From: Dominican Republic
the (Tops) people who speculates happen to make money out of nothing (!)
Yes this topic needs to be addressed world wide but to beleave the Loe knows how?? If he can not even fix it in the DR and stop the over flooding of imported products into the DR that kill off local producers. Grand speeches on the UN stage, with on real fix or solutions..."
Stillhere, how it comes that the matter at hand was proposed by Pres. Leonel Fernandez and embraced between well known world leaders which by the way are supporting his thesis (?)
Common, at least you got to give it up that it was L.F. whom brought this topic to the international sphere (!)
Mr. Lie-onel needs to control the price rocketting in DR first, then he can talk in U.N.
From: United States, SDQ -- Mia --NY
Mr. Lie-onel needs to control the price rocketting in DR first, then he can talk in U.N."
If he has not first, or further most the right to speak on the U.N, how could he ever make a request over the one that are pushing the prices down, an causing so much damage into the global economies (?)
explain that to me ... or would you prefer to impose it upon the ones that can't express themselves about things of their concern (?)
this has been in the international "sphere" for while now and is not new to anyone following world economics and commodity trading.... Yes it good he is talking about it....So what are his solution, what would he do about it??? It's one thing to talk (he does a lot of) and another to imperilment changes within your own country to stop rapid price increases/shortages in commodities.. food, fuel etc ..
Are you so sure he came up with his "thesis" ?
23 September 2010 BRUSSELS – On the eve of an emergency FAO-meeting devoted to instability in agricultural markets, the UN Special Rapporteur publishes a study analyzing the impact of speculation on food price volatility.
Since 1996, the share of the markets for basic foods like wheat held by speculators – who have no connection to food – has increased from 12 per cent to 61 per cent.
Maybe so, but how much effect has this had on supply, demand and pricing? Futures trading is really just placing a bet that you know better than someone else, what the price will be by a particular date. This is not much different from the share market when you think about it. Yet no one is grumbling about that, or are they?
.wired.com/wiredscience/2012/03/speculation-food-prices/
I still do think futures commodity trading can produce such huge swings, but assuming it can and does, how is Leo going to stop it? He can't even get is own citizens to stop at traffic lights.
"how is Leo going to stop it? He can't even get is own citizens to stop at traffic lights."
Sad and funny
All most killed three motor bikers today just going to the shops...... Lucky I had brakes, shame they don't .....Scary....