Tag Archives: food speculation

Leaked Cable: Hike food prices to boost GM crop approval

By Rady Ananda
Food Freedom

In a January 2008 meeting, US and Spain trade officials strategized how to increase acceptance of genetically modified foods in Europe, including inflating food prices on the commodities market, according to a leaked US diplomatic cable released by WikiLeaks.

During the meeting, Secretary of State for International Trade, Pedro Mejia, and Secretary General Alfredo Bonet “noted that commodity price hikes might spur greater liberalization on biotech imports.”

It seems Wall Street traders got the word. By June 2008, food prices had spiked so severely that “The Economist announced that the real price of food had reached its highest level since 1845, the year the magazine first calculated the number,” reports Fred Kaufman in The Food Bubble: How Wall Street starved millions and got away with it.

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Leaked cables confirm Pope’s distance from GMO debate and limited stance on bioethics

Dec. 20, 2010 UPDATE: Newly Leaked Cable: Pope ‘quietly supportive’ of GMOs

By Rady Ananda

A leaked June 2009 cable from the US Vatican Embassy confirms the Pontiff’s refusal to take a stance on genetically modified foods. The Pope’s refusal to reject GM foods creates a vacuum in light of his condemnation of human genetic manipulation and his promotion of environmental stewardship.

Last month, at least one news source falsely reported that the Pope approves genetically modified foods. Vatican officials immediately denied such claims, but did admit there is debate within the Pontifical Academy of Sciences. The cable confirms:

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