Friday, November 9, 2012

~~~~~~~~HUNGER: First Course VIDEO~~~~~~~~


Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus, commonly referred to as the "ABCDs," and which collectively control anywhere from 75 to 90 percent of global grain trade -- are still reaping massive profits amid the global food crisis... In 2011 when food prices peaked at record highs, ADM (NYSE: ADM) reported a net profit of $2.04 billion, a 5 percent increase, on revenue that rose more than 30 percent to over $80 billion. Privately-held Cargill's revenue rose to $119.5 billion (+18 percent) for the year, while profit jumped 35 percent to $2.7 billion. Bunge (NYSE: BG) experienced falling profit that year amid competition with the other companies, but still had net income of $942 million on revenue of 58 billion. Dreyfus does not disclose its profits.

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