The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
More than £50m of World Food Programme aid to feed the starving has ended up in the hands of a London-listed commodities trader run by billionaires, despite a pledge by the United Nations agency to buy food from "very poor farmers". Glencore International, which buys up supplies from farmers and sells them on at a profit, was the biggest single supplier of wheat to the WFP over the last eight months, the Guardian can reveal. ... Details of the dealings with Glencore, which controls 8% of the global wheat market, emerged a year after the head of the WFP committed to buying food from local farmers. ... Over the last eight months Glencore has sold wheat worth $78m (£50m) to the WFP, according to details of contracts published on the agency's website. In the biggest single deal, the WFP bought $22.5m of Glencore wheat in July last year to feed Ethiopians in one the worst famines in recent memory. The WFP also bought Glencore wheat, sorghum and yellow split peas for Kenya, Djibouti, Bangladesh, Sudan, North Korea and Palestine. Last month the WFP spent $10.8m on wheat for drought-stricken Djibouti.
Glencore International, which buys up supplies from farmers and sells them on at a profit, was the biggest single supplier of wheat to the WFP over the last eight months, the Guardian can reveal.
...
Details of the dealings with Glencore, which controls 8% of the global wheat market, emerged a year after the head of the WFP committed to buying food from local farmers.
Over the last eight months Glencore has sold wheat worth $78m (£50m) to the WFP, according to details of contracts published on the agency's website.
In the biggest single deal, the WFP bought $22.5m of Glencore wheat in July last year to feed Ethiopians in one the worst famines in recent memory. The WFP also bought Glencore wheat, sorghum and yellow split peas for Kenya, Djibouti, Bangladesh, Sudan, North Korea and Palestine. Last month the WFP spent $10.8m on wheat for drought-stricken Djibouti.
It is hard, in fact, to see what else WFP could have done. A big purchase of $22.5m was made from Glencore in July, which is when famine was declared in the Horn of Africa. ... The problem is that humanitarian aid is typically hand to mouth and last minute, which forces agencies to buy on international markets at their peak, as Chatham House fellow Rob Bailey points out. What is needed is for donors to look further ahead and cough up money in time. At the moment, WFP has a $150m revolving fund with which it is allowed to buy ahead to anticipate crises, small stuff compared with the $1.23bn total it needed to feed the starving in 2011. It would be good, too, if its programme to buy from small farmers locally and improve storage capacity in poorer countries were bigger.
The problem is that humanitarian aid is typically hand to mouth and last minute, which forces agencies to buy on international markets at their peak, as Chatham House fellow Rob Bailey points out. What is needed is for donors to look further ahead and cough up money in time. At the moment, WFP has a $150m revolving fund with which it is allowed to buy ahead to anticipate crises, small stuff compared with the $1.23bn total it needed to feed the starving in 2011. It would be good, too, if its programme to buy from small farmers locally and improve storage capacity in poorer countries were bigger.
To me it seems it's all been muddled in true aid-inudstrial complex style, where it's about being "nice" without thinking of the consequences. And indeed, the PR trick works, with the media catching on the "evil big corporation angle" so popular amoing fasionable leftists who have no idea what the role of corporations actually are, only that they are evil. Then they head out shopping "chic" goods from those very same corporations. Peak oil is not an energy crisis. It is a liquid fuel crisis.
That should be the overall strategy - but, in the case of a famine like the Horn of Africa, buying up large stocks on the world market may be necessary to ensure survival rations for large numbers of people at a moment of crisis.
by Frank Schnittger - Mar 11 11 comments
by Frank Schnittger - Mar 8 3 comments
by Frank Schnittger - Mar 6 4 comments
by gmoke - Mar 7
by Frank Schnittger - Mar 2 1 comment
by Frank Schnittger - Mar 5 2 comments
by gmoke - Feb 25
by Oui - Mar 21
by Oui - Mar 191 comment
by Oui - Mar 19
by Oui - Mar 18
by Oui - Mar 175 comments
by Oui - Mar 16
by Oui - Mar 164 comments
by Oui - Mar 1510 comments
by Oui - Mar 155 comments
by Oui - Mar 147 comments
by Oui - Mar 1312 comments
by Oui - Mar 12
by Oui - Mar 1113 comments
by Frank Schnittger - Mar 1111 comments
by Oui - Mar 1116 comments
by Oui - Mar 109 comments
by Frank Schnittger - Mar 104 comments
by Oui - Mar 94 comments
by Oui - Mar 82 comments