By mid-morning snack you will certainly have encountered their products several times already wherever you are in the world, whether it is the corn in your flakes, the wheat in your bread, the orange in your juice, the sugar in your jam, the chocolate on your biscuit, the coffee in your cup. By the end of the day, if you've eaten beef, chicken or pork, consumed anything containing salt, gums, starches, gluten, sweeteners, or fats, or bought a ready meal or a takeaway, they will have shaped your consumption even further.
And yet, the four giant transnationals that dominate the raw materials of the global food system have largely stayed below the radar of European consumers. Known as the ABCD group for the alphabetic convenience of their initials, ADM, Bunge, Cargill and (Louis) Dreyfus, account for between 75% and 90% of the global grain trade, according to estimates. Figures cannot be given with confidence, however, because two of the companies are privately owned and do not give out market shares.
This extraordinary concentration of power and money in the global food trade has been identified by Oxfam in a new report this week as one of the structural flaws of the system. At each stage a handful of players dominate, not just in primary agriculture but in food manufacturing and retailing. The result, according to Oxfam, is that "they extract much of the value along the chain, while costs and risks cascade down on to the weakest participants, generally the farmers and labourers at the bottom".
Read more
Recent Comments