Costly food? Investors, speculators, hedge funds partly to blame
Global investment funds smelt greater profit potential in commodities than in stocks and from 2002 started diving into oil, followed by metals and grains NEW YORK, April 2: High food prices around the world? Blame, at least in part, the investors who moved their money into commodities in the past five years, looking for better returns than they were getting from stocks and bonds. Global investment funds saw the potential for profits in commodities outstripping those from the stock market, and from 2002 started diving into oil, followed by metals and then grains.