Food prices are a matter of life and death to many in the developing world. Financial markets that should be helping food growers and processors to manage their risk and set prices have become a potential threat to global food security. Deregulated and secretive agricultural commodity derivatives markets have attracted huge sums of speculative money, and there is growing evidence that they deliver distorted and unpredictable food prices. Financial speculation can play an important role to help food producers and end users manage risks, but in light of the harm that excessive speculation may cause to millions, action is required now to address the problem. This briefing explains what has gone wrong with financial markets and what the United States, the European Union and other G20 members should do to fix them.
Reports
Ten years of Eastern Highlands Family Voice
Eastern Highlands Family Voice (EHFV) has been working with those affected by family violence in the Highlands of Papua New Guinea for the last ten years. This report by EHFV and Oxfam looks at its case histories over the last three years, to help build a profile of who uses their services and why. The information will help identify what information and support is needed by clients, so that EHFV can improve and better target their counselling services.
Land and Power: The growing scandal surrounding the new wave of investments in land
The new wave of land deals is not the new investment in agriculture that millions had been waiting for. The poorest people are being hardest hit as competition for land intensifies. Oxfam’s research has revealed that residents regularly lose out to local elites and domestic or foreign investors because they lack the power to claim their rights effectively and to defend and advance their interests. Companies and governments must take urgent steps to improve land rights outcomes for people living in poverty. Power relations between investors and local communities must also change if investment is to contribute to rather than undermine the food security and livelihoods of local communities.
Yemen: Fragile lives in hungry times
Widespread hunger and chronic malnutrition have taken hold in Yemen. A protracted political stalemate over much of the past six months has left the government in paralysis, prompting a fuel crisis that has brought the economy to the verge of collapse. A recent study by Oxfam found many communities to be on the brink of disaster. In other parts of the country the United Nations has found that some vulnerable communities are now facing critical levels of malnutrition.
Out of the bunker: Time for a fair deal on shipping emissions
International shipping is a major – and rapidly growing – source of greenhouse gas emissions. Agreement to apply a carbon price to shipping can both reduce emissions and raise funds for climate change adaptation and mitigation in developing countries. Two challenges loom especially large after the UN Climate Change Conference in Cancun, Mexico. First, governments must close the gap between the cuts to greenhouse gas emissions pledged so far and those needed to avoid catastrophic climate change. Second, rich country governments must mobilize the money needed to fill the Green Climate Fund (GCF) established in Cancun. Our well-being depends on the urgency with which these twin challenges are confronted. In 2011 a deal to control rising emissions from international shipping could help tackle both.
Getting it right from the start
Amidst jubilant celebration, the new Republic of South Sudan entered the international stage in July 2011, albeit as one of the least developed countries in the world. The challenges and opportunities are enormous, and donors, the government, implementing agencies and most importantly the people of South Sudan have a lot at stake – but much more to gain. This paper presents ten area for action based on the experience of NGOs operating in South Sudan and lessons learnt during the Comprehensive Peace Agreement interim period. Donors must prioritise them in the first years of the country’s independence so as toensure the best possible results for the people of South Sudan.