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JandP

Saturday, July 23, 2005

One more kind of domination

Power in the world food industry has become concentrated in a few hands:

-- 30 companies now account for a third of the world's processed food.
-- Five companies control 75% of the international grain trade.
-- Six companies manage 75% of the global pesticide market.
-- Two companies dominate sales of half the world's bananas.
-- Three companies trade 85% of the world's tea.
-- One company (Wal-Mart) now controls 40% of Mexico's retail food sector.
-- Monsanto controls 91% of the global GM seed market.

(Reference: www.actionaid.org)