Tuesday, July 29, 2008

June 08 Food Crisis Summit

clipped from www.grain.org

The 10 people involved in the action carried posters contrasting the record profits of agribusiness corporations during the latest reporting financial quarter of 2008 with the estimated 100 million people in the world who now, alongside 800 million or so others, are hungry because they cannot afford to eat. Profits for Monsanto, the world's largest seed company, were up 108 per cent, while Cargill and Archer Daniel Midlands, the world's largest food traders, registered profit increases of 86 and 42 per cent respectively. Profits for Mosaic, one of the world's largest fertiliser companies, rose 1,134 per cent.

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