A new report from the non-profit group GRAIN has found that global agribusiness firms, traders and speculators are raking in huge profits due to the global food crisis. Cargill, the world’s biggest grain trader, achieved an 86 percent increase in profits from commodity trading in the first quarter of this year. The agribusiness giant Bunge had a 77 percent increase in profits during the last quarter of last year. And Archer Daniels Midland Company registered a 67 percent increase in profits in 2007.
Profits Soar for Global Agribusinesses & Speculators
HeadlineApr 28, 2008