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


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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...