NOBULL: Too Much Power in Too Few Hands: Food Giants Take Over the Industry
Too Much Power in Too Few Hands: Food Giants Take Over the Industry
Small producers face poverty as ever more commodities are controlled by a coterie of multinationals
Monday, 25 February 2013 09:23
‘As you sip your morning coffee or tea, accompanied perhaps by a chocolate biscuit, or a banana for the more health-conscious, think hard about where your breakfast comes from. Increasingly, a handful of multinationals are tightening their grip on the commodity markets, with potentially dramatic effects for consumers and food producers alike.
The livelihoods of millions of smallholders who produce the drinks and snacks we consume every day are "seriously under threat", warns a report to be published tomorrow to mark the start of Fairtraide Fortnight. Extreme price volatility, high food prices and more concentrated food markets threaten to leave farmers "condemned to poverty".’
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