NetherlandsEconomics: Banks & Pension Firms: Speculate on food commodities, drive prices up, labour wages down

In November and December 2011, SOMO the materials below related to Dutch financial institutions and food speculation:  

- Dutch financial institutions speculate in food markets, SOMO, 23 Dec 2011

- Food markets in Dutch: Dutch Banks and Pensions Funds in Agricultural Derivatives Markets, Rens van Tiburg, Dec 2011

- Feeding the Financial Hype: How excessive Financial Investments Impact Agricultural Derivatives Markets, Rens van Tilburg & Myriam Van der Stichele, SOMO, Nov 2011

Business & Human Rights Resource Centre invited the companies examined to respond.  Responses from companies that have responded are accessible below.  We will indicate here and in a future issue of our Weekly Update if Rabobank Group and ABN AMRO respond.

APG [PDF]

PGGM [PDF]

ING [DOC]

Mn Services [DOC]

Rabobank Group [DOC]

ABN AMRO has indicated it will respond, we will post its response here and include it in a future Weekly Update

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Business & Human Rights Resources (Feb8,2k12)

— posted here by EconoMix, refWrite Frontpage economics & business columnist

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