We’ll make a killing out of food crisis Glencore trading boss boasts

We’ll make a killing out of food crisis Glencore trading boss boasts

August 23, 2012

Drought is good for business, says world’s largest commodities trading company
James Cusick
independent.co.uk

The United Nations, aid agencies and the British Government have lined up to attack the world’s largest commodities trading company, Glencore, after it described the current global food crisis and soaring world prices as a “good” business opportunity.

With the US experiencing a rerun of the drought “Dust Bowl” days of the 1930s and Russia suffering a similar food crisis that could see Vladimir Putin’s government banning grain exports, the senior economist of the UN’s Food and Agriculture Organisation, Concepcion Calpe, told The Independent: “Private companies like Glencore are playing a game that will make them enormous profits.”

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