Four to six companies dominate global food market, benefited from Covid crisis, report finds

As dominance over food markets shifts east towards countries like India and China, four to six companies influence the global market in key sectors, agricultural research and policy decisions, a new report by ETC group has found. The Food Barons 2022 report, which has been released just weeks ahead of a high-level United Nations Committee meeting on World Food Security, said that large corporations have benefitted from the Covid-19 pandemic, climate change and war. It also highlighted the strategies agri-food giants are using to consolidate and expand their domination over food systems that could hurt small-scale operators in the sector…