Wall Street to roll out water futures as privatization spreads global thirstPhoto: PixabayInvestors in US markets will soon be able to speculate on water prices, opening the way for an artificial jump in costs for households, farmers and other users. Amid the sale of waterworks systems and other utilities and as beverage producers are being allowed to run water resources, drinking water is becoming more precious in cities and areas in countries like Ecuador, Brazil and Guatemala. Price indexes, ownership of land with water resources, exploitation rights and other tools are increasing the barriers for equal distribution of water. In this case, it is a California water price index and futures owners will cash in or lose the difference between the contract and the current market price at a set date. Fires worsen California water crisisDisputes aren’t rare even in the developed world.

Source: Ethiopian News October 27, 2020 19:18 UTC