UK worsens global hunger crisis by 'blocking reforms on food speculation' -- Advocacy Groups

``The deal introduces new rules to limit speculation on products linked to what people eat, such as wheat, corn, soybeans or sugar. The new controls will set limits on the number of food contracts that banks and other finance institutions can hold, pushing traders to open their activity to greater public scrutiny... [But, according to Oxfam, ] "Unjustified exemptions were granted to powerful lobbies and limits will be set nationally, rather than at the European level. There is a real risk, particularly in the UK, of ineffective sky high limits triggering a regulatory race to the bottom between European countries," Marc Olivier Herman warned. ''