"Food Barons" How do a few major companies control global food chains? "Food Barons" How do a few major companies control global food chains?

"Food Barons" How do a few major companies control global food chains?

"Food Barons" How do a few major companies control global food chains? A recent report by the international organization "ETC Group" revealed that four to six large companies control most of the global food chains. At the same time, this monopolistic situation puts the food security of a number of the world's population in serious threat.  During a high-level UN meeting on food security, the Environmental Justice Organization, "ETC Group", revealed in its report entitled "Food Barons 2022", that the huge companies for the food industries have accumulated huge profits from the Covid-19 crisis, and that four to six of them acquire Most global food supply chains.  In its analysis of the food justice situation in the world, the organization added that these monopolistic policies that prevail in the global food market threaten the food security of a number of peoples of the globe. This coincides with the United Nations declaring that 345 million people around the world are at risk of hunger.  Food Barons in 2022  According to the report, "ETC Group", in the supply chains of agricultural chemicals, seeds and fertilizers, the Chinese company "Singenta" is on the throne of this trade, as it accounts for a quarter of the global market for these materials.  This Beijing government-owned company is ranked first in the world, as the largest company active in agricultural chemicals, seeds and fertilizers, followed by the German "BASF" and "Bayer" and the American "Coverta". Together, these companies account for 62.5% of the global market. 25 years ago, 10 companies held a 40% share of the global market for commercial seeds, compared to today where only two companies have the same market share. As for the agricultural equipment market, including tractors, harvesters and pesticide spraying equipment, half of the market is monopolized by six companies around the world. In 2020, the total profits of the American "Deere & Company", the Japanese "Kubota" and the British "CNH Industrial" exceeded more than 47.381 million dollars.  In the same year, the UAE government-owned ADQ Holding Group acquired a 45% stake in Louis Dreyfus, one of the world's largest agricultural, food processing and international shipping companies. What shows, according to the British "Guardian", the extent to which rich countries in the Middle East are interested in ensuring their food security by producing food abroad.  Monopoly threatens global food security  Faced with this reality, Veronica Villa, an official with the environmental justice organization "ETC Group", explained : "We have to remember that structural inequality and corporate monopoly (of food supply chains) lead to higher food prices (...) and this report highlights the amazing consolidation (for these companies) that has enabled profitability through the COVID-19 crisis, climate change and war, and identifies the perpetrators who are fueling growing hunger around the world.”  The FAO report comes days after the United Nations warned that hundreds of millions of people around the world are at risk of starvation, which constitutes an unprecedented food emergency. WFP Executive Director David Beasley told the UN Security Council that 345 million people face acute food insecurity in the 82 countries where the program operates.  It is very disturbing, Beasley said, that 50 million of these people in 45 countries are suffering from severe acute malnutrition and are "on the verge of starvation." Concluding that "what used to be a wave of hunger is now a tsunami of hunger."

A recent report by the international organization "ETC Group" revealed that four to six large companies control most of the global food chains. At the same time, this monopolistic situation puts the food security of a number of the world's population in serious threat.

During a high-level UN meeting on food security, the Environmental Justice Organization, "ETC Group", revealed in its report entitled "Food Barons 2022", that the huge companies for the food industries have accumulated huge profits from the Covid-19 crisis, and that four to six of them acquire Most global food supply chains.

In its analysis of the food justice situation in the world, the organization added that these monopolistic policies that prevail in the global food market threaten the food security of a number of peoples of the globe. This coincides with the United Nations declaring that 345 million people around the world are at risk of hunger.

Food Barons in 2022

According to the report, "ETC Group", in the supply chains of agricultural chemicals, seeds and fertilizers, the Chinese company "Singenta" is on the throne of this trade, as it accounts for a quarter of the global market for these materials.

This Beijing government-owned company is ranked first in the world, as the largest company active in agricultural chemicals, seeds and fertilizers, followed by the German "BASF" and "Bayer" and the American "Coverta". Together, these companies account for 62.5% of the global market. 25 years ago, 10 companies held a 40% share of the global market for commercial seeds, compared to today where only two companies have the same market share.
As for the agricultural equipment market, including tractors, harvesters and pesticide spraying equipment, half of the market is monopolized by six companies around the world. In 2020, the total profits of the American "Deere & Company", the Japanese "Kubota" and the British "CNH Industrial" exceeded more than 47.381 million dollars.

In the same year, the UAE government-owned ADQ Holding Group acquired a 45% stake in Louis Dreyfus, one of the world's largest agricultural, food processing and international shipping companies. What shows, according to the British "Guardian", the extent to which rich countries in the Middle East are interested in ensuring their food security by producing food abroad.

Monopoly threatens global food security

Faced with this reality, Veronica Villa, an official with the environmental justice organization "ETC Group", explained : "We have to remember that structural inequality and corporate monopoly (of food supply chains) lead to higher food prices and this report highlights the amazing consolidation (for these companies) that has enabled profitability through the COVID-19 crisis, climate change and war, and identifies the perpetrators who are fueling growing hunger around the world.”

The FAO report comes days after the United Nations warned that hundreds of millions of people around the world are at risk of starvation, which constitutes an unprecedented food emergency. WFP Executive Director David Beasley told the UN Security Council that 345 million people face acute food insecurity in the 82 countries where the program operates.

It is very disturbing, Beasley said, that 50 million of these people in 45 countries are suffering from severe acute malnutrition and are "on the verge of starvation." Concluding that "what used to be a wave of hunger is now a tsunami of hunger."

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