Monterrey, N.L., Mexico.-the tons of grains, fruits, oils or meat that speculators are buying on the Chicago futures market not will go to businesses or homes of investors to, but yes they will push to boost its price. Large investors, including investment funds, have entered with force speculation of food in an escalation that already begins to feel but that started in 2005. FAO, that the it is the UN Organization for agriculture and food recognizes that food have had strong pressures from the year 2005 in which rose on average 2 percent. For 2006 the rise was 14 percent and 36 percent for last year. The trend is upward.
For example, this year a harvest is expected record rice, but its price will increase, according to forecasts of the future that are taken to heart by large intermediaries, market retailers and of course by the merchant in the corner. In Mexico, the myth of inflation hides the real effects of high prices of food in the impoverished Mexican entry on average, but it is the housewife who suffers widespread upward. In the past, private initiative was pounding with the release of the market and the disappearance of Conasupo, a chain of stores carrying basic food to the most vulnerable. Twenty years later, the same private initiative warning of rising prices and food shortages among the needy living in marginalized areas both in rural and in urban areas. Speculation is the evil of our days and already affects the stomach of millions of people around the world. Because food there is, what is lacking is money.
And that is a dangerous equation. In the past a hungry people as France sparked a revolution, as happened in Mexico in 1910. For one thing, a good part of the population in Mexico eats twice a day: beans, rice, pasta and soda and only twice a day. The carrier we are a country badly eaten, poorly educated, with few labour and opportunities with a caste of politicians who live off the squabbling.