Speculation refers to the act of purchasing an asset (goods, real estates, or commodities) with the expectation that it will become more precious at a future day. Together with hedgers, arbitrageurs, and investors, speculators are one of the four primary elements of financial markets. Speculation is an immoral act that usually involves more risks as compared to investments.
What is Food Speculation?
Food speculation is betting on the irregularly rising and falling prices of staples or routinely eaten foods, like maize, wheat, and soy, etc. Food speculators actually didn’t involve in the selling and buying of any physical commodities; rather they attempt to make income from the trading contracts for food goods. Sufferers of food speculation are usually poor people, who pay the largest price in case of rising foods’ prices. Some consider that the world food price crisis of 2007-08 was partly caused by speculation.
In The Food Speculator, director Kees Brouwer attempts to provide an intimate look inside the world of food speculation by assuming himself the role of a speculator. By doing a little food speculation, he tries to find the answer of question; is there just a food shortage, or are speculators rise prices for achieving quick profits?