2
POPSGreed, speculation by Big food Corps fueling food crises Benedict Southworth, director of the World Development Movement, called the escalating earnings and profits “immoral” late last week. He said that the benefits of the food price increases were being kept by the big companies, and were not finding their way down to farmers in the developing world. The soaring prices of food and fertilisers mainly come from increased demand. This has partly been caused by the boom in biofuels, which require vast amounts of grain, but even more by increasing appetites for meat, especially in India and China; producing 1lb of beef in a feedlot, for example, takes 7lbs of grain. World food stocks at record lows, export bans and a drought in Australia have contributed to the crisis, but experts are also fingering food speculation.
1
Clips
Latest Pops
Latest Comments
Most Pops
Tags
Print
Save
Turn on live update