{"id":23684,"date":"2011-04-25T11:35:01","date_gmt":"2011-04-25T09:35:01","guid":{"rendered":"http:\/\/www.pauljorion.com\/blog\/?p=23684"},"modified":"2013-01-02T14:42:43","modified_gmt":"2013-01-02T13:42:43","slug":"combattre-la-speculation-sur-les-matieres-premieres","status":"publish","type":"post","link":"https:\/\/www.pauljorion.com\/blog\/2011\/04\/25\/combattre-la-speculation-sur-les-matieres-premieres\/","title":{"rendered":"COMBATTRE LA SP\u00c9CULATION SUR LES MATI\u00c8RES PREMI\u00c8RES<\/b>"},"content":{"rendered":"

Extrait d\u2019un \u00e9ditorial du Financial Times<\/em>, dat\u00e9 du 15 avril :<\/p><\/blockquote>\n

\u00ab\u00a0Il n\u2019y a pas grand-chose que les nations puissent faire individuellement pour combattre ces probl\u00e8mes \u2013 il n\u2019y a pas grand-chose non plus qui puisse les inciter \u00e0 le faire. [\u2026] les co\u00fbts entra\u00een\u00e9s par l\u2019existence de march\u00e9s monopolistiques sont support\u00e9s par les consommateurs du monde entier, ce qui permet aux gouvernements d\u2019ignorer plus ais\u00e9ment les cons\u00e9quences n\u00e9gatives de regroupements [de marchands] \u00e0 l\u2019int\u00e9rieur de leurs fronti\u00e8res, et tout particuli\u00e8rement lorsque les compagnies en question leur prodiguent les encouragements ad\u00e9quats. [\u2026] Ceci signifie qu\u2019une action concert\u00e9e supranationale est requise. [\u2026] Il n\u2019existe pas de r\u00e9gulateur global capable de constituer un contrepoids au pouvoir marchand que les compagnies priv\u00e9es ont su accumuler. [\u2026] Le G20 constitue le forum appropri\u00e9\u00a0\u00bb.<\/p>\n

Glencore\u2019s grip on raw material world<\/a><\/strong> <\/strong><\/p>\n

Published: April 15 2011 23:11 | Last updated: April 15 2011 23:11<\/p>\n

[\u2026]<\/p>\n

The recent surge in commodity prices<\/a> has raised the barrier to entry in commodities trading. Ten years ago, it might have cost $10m to fill an oil tanker. Today, the figure is as much as 12 times as high. This makes an oligopolistic market structure likely.<\/p>\n

There is not much individual countries can do to combat these problems \u2013 nor do they have the incentives to do so. Most physical trading of commodities takes place away from exchanges, making regulation difficult. And the cost of monopolistic markets is borne by consumers the world over, which makes the negative side-effects of domestic consolidations easier for governments to ignore, especially if the companies involved offer them the right incentives.<\/p>\n

This means that supranational action is needed. Collating better statistics about global commodities trading would be an improvement on the current situation. There is no global regulator capable of counterbalancing the market power that private companies accumulate. But that is no reason not to pay attention to what is happening in these markets. The Group of 20<\/a> is the obvious forum for this. If policymakers leave commodities trading unattended, this erstwhile backwater could one day become a sea of economic troubles.<\/p>\n

Glencore reveals bet on grain price rise<\/a><\/strong><\/p>\n

By Javier Blas and Jack Farchy in London<\/p>\n

Published: April 24 2011 23:02 | Last updated: April 24 2011 23:02<\/p>\n

Glencore made a speculative bet on rising wheat and corn prices in the early stages of last summer\u2019s Russian drought, the world\u2019s largest commodity trader has revealed ahead of its initial public offering that will value the company at $60bn<\/a>.<\/p>\n

As it bet on rising prices, senior traders at the Swiss-based company publicly urged Russia to impose a grain export ban. Moscow acted a few days later<\/a>, triggering a grain rally. Glencore is the largest trader in Russian wheat, followed by US-based rivals Cargill and Bunge<\/strong><\/a>.<\/p>\n

[\u2026]<\/p>\n","protected":false},"excerpt":{"rendered":"

\n

Extrait d\u2019un \u00e9ditorial du Financial Times<\/em>, dat\u00e9 du 15 avril :<\/p>\n<\/blockquote>\n

\u00ab\u00a0Il n\u2019y a pas grand-chose que les nations puissent faire individuellement pour combattre ces probl\u00e8mes \u2013 il n\u2019y a pas grand-chose non plus qui puisse les inciter \u00e0 le faire. [\u2026] les co\u00fbts entra\u00een\u00e9s par l\u2019existence de march\u00e9s monopolistiques sont support\u00e9s par les consommateurs […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[1,18],"tags":[33,42],"class_list":["post-23684","post","type-post","status-publish","format-standard","hentry","category-economie","category-monde-financier","tag-g20","tag-speculation"],"_links":{"self":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/23684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/comments?post=23684"}],"version-history":[{"count":6,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/23684\/revisions"}],"predecessor-version":[{"id":47501,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/posts\/23684\/revisions\/47501"}],"wp:attachment":[{"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/media?parent=23684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/categories?post=23684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog\/wp-json\/wp\/v2\/tags?post=23684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}