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Swiss to vote on banning food speculation

Swiss to vote on banning food speculation

The Swiss will vote on a proposal to ban speculation on agricultural commodities and food, the government said Wednesday, announcing that organisers had gathered enough signatures to put the issue to a referendum. The Swiss Socialist Party’s youth wing gathered nearly 116,000 valid signatures — well beyond the 100,000 needed to organise a popular vote in Switzerland, one of the world’s main trading hubs for commodities. The initiative, entitled “No speculation in food commodities”, will likely come up for a vote within the next two or three years, giving voters the possibility to put a stop to all trading in…

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