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[PDF] A Recipe for Hunger: How the World is Failing on Food

Author: International Trade Union Confederation (ITUC), Published on: 1 March 2009

[T]he current price level of basic food staples is still much higher than it was…The food crisis has affected everyone but most of all the worst off…[D]eregulation in trade and financial markets has mainly favoured agrofood multinationals…Much of the problem can be ascribed to the multinational corporations that control the majority of international trade in maize and other grains…[I]nvestors like hedge funds have sought out the agricultural commodity market in search for high-yield gains. The massive increase in speculative investment has been a contributing factor in driving up prices of basic food staples…[T]he production of organic material for biofuels has diverted large amounts of food crops into the fuel tanks of cars…[refers to Archer Daniels Midland, Chiquita, Del Monte Fresh Produce, Dole, Fyffes, Monsanto, Nestlé, Noboa]

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Related companies: Archer Daniels Midland Cargill Chiquita Dole Fresh Del Monte Produce Fyffes Monsanto (part of Bayer) Nestlé Noboa (See Grupo Noboa)