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Market games have seen food prices spike, affecting some the world's poorest people (Photo: etrenard)

MEPs move to curb speculation with food prices

The European Parliament has adopted a wish-list on rules for financial markets designed to curb food price speculation.

The EU law - which also looks to control sales of complex and risky financial products to naive customers - still has to be negotiated with member states.

But MEPs in the economics committee on Wednesday (26 September) unanimously adopted draft changes to the European Commission bill by German centre-right MEP Markus Ferber for stricter rules on the sector.

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Market games have seen food prices spike, affecting some the world's poorest people (Photo: etrenard)

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