Did you know that 90 per cent of the global grain trade is controlled by just four companies? Archer Daniels Midland (ADM), Bunge, Cargill and Louis Dreyfus – collectively referred to as “the ABCD companies” – are central to the modern agri-food system. This report considers the ABCDs in relation to several global issues pressing on agriculture: the “financialization” of both commodity trade and agricultural production; the emergence of global competitors to the ABCDs, in particular from Asia; and some of the implications of large-scale industrial biofuels.
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