Food & agriculture – Mar 29

High rice cost creating fears of Asia unrest
India rice export prices up again
Rosie Boycott: Only a radical change of diet can halt looming food crises
Gourmet magazine points the way toward a green and smart farm policy
Food prices rising across the world
Prices climb as fertiliser famine looms

ODAC Guest Commentary – Where has it all gone wrong?

Last year’s ‘bêtes noires’ were private equity funds. They had seen the light in terms of leverage and were using debt to fund major acquisitions, taking advantage of ridiculously low credit spreads and getting tax relief on their interest payments into the bargain. The Danish government’s corporation tax revenues fell by an estimated 12% when a consortium of private equity firms bought the Danish telecom operator, TDC for over Euros10bn. Too late, the Danish – and German – governments have introduced legislation to limit corporate tax relief on debt interest.