Click here to view original web page at www.infowars.com
Major grain traders have drawn concerns over profiteering and speculation in global food markets, prompting calls for a windfall tax.
According to The Guardian , the world’s top four grain traders (Archer-Daniels-Midland, Bunge, Cargill and Louis Dreyfus, known collectively as ABCD) have seen record or near-record profits or sales, and are forecasting demand to outstrip supply until at least 2024 – likely leading to even higher sales and profits over that period. The four companies control between 70% and 90% of global grain trade. Cargill reported a 23% jump in revenues to a record $165bnfor the year ended May 31, while Archer-Daniels-Midland recorded the highest profits in company history during the second quarter of this year. Bunge saw sales spike 17% in Q2, while Louis Dreyfus reported an 80% jump in profits for 2021 vs. the previous year on revenues of $1.62bn, a jump of nearly 25%.
According to the UN Food and Agriculture Organization, food prices have spiked over 20% this year – while around 345 million people suffer from acute food insecurity according to the World Food Program, vs. 135 million people before the Covid-19 pandemic. Olivier De Schutter, a co-chair of IPES-Food (the International Panel of Experts on Sustainable Food Systems) and UN special rapporteur on extreme poverty and human rights, said: “The fact that global commodity giants are making record profits at a time when hunger is rising is clearly unjust, and is a terrible indictment of our food systems. What’s even worse, these companies could have done more to prevent the hunger crisis in the first place.” -The Guardian The rising price of grain has several causes – including the war in Ukraine, one of the largest producers of grain, sunflower oil, maize, and fertilizer. In addition, heatwaves in Europe, North America and India have […]
We Often Feel Like David Taking on Giants
Today’s Goliath is the Mainstream Media Industrial Complex that brainwashes the masses.
Our mission is very straightforward: To counter the false narratives and nefarious agendas destroying America today. It isn’t easy for obvious reasons; despite incredible growth over the last year we are still a very tiny fish in a huge media pond. But we’re fighting and we will continue to do so, Lord willing, for as long as we possibly can. The battle for America’s present and future is too important for us to back down to the giants that stand in our way.
We need help. I don’t want to say “desperately,” but the need is definitely great. If you have the means, please donate through our GivingFuel page, PayPal, or our Substack page. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker