More than 80% of exports of major grains come from five countries and are controlled by 4 major companies

January 14, 2015

More than 80% of the exports of major grains come from five countries and are controlled by four major companies. This makes international markets very vulnerable. The United States is the world’s largest exporter of corn, soybeans and wheat, and price spikes in the crop sector will ripple through markets globally. Global futures corn prices have increased by 45 per cent, soybeans 30 per cent8 and wheat 50 per cent since June, according to the World Bank.

 

 

Oxfam, MEDIA ADVISORY, "Food crises doomed to repeat until leaders find courage to fix problems," p. 3(Oxfam: August 2012) Accessed on April 15, 2014 http://www.oxfam.org/sites/www.oxfam.org/files/food-price-crisis-oxfam-m...
[verified 4/15/14]

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