The dominance of a small number of big companies over the global food chain is increasing, aided by the rising use of “big data” and artificial intelligence, new research has found.
Agricultural commodity trading is similarly concentrated, with 10 commodity traders in 2020 dominating a market worth half a trillion dollars. The next biggest trader, Archer-Daniels-Midland, had sales of $64bn in 2020, according to the latest data on which the report is based. Two of the other Top 10 agrochemicals companies are also Chinese, as is the seventh big synthetic fertiliser company, Sinofert.
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Dangerous!
Thanks for the 'heads-up'. 🙃