Murky world of global food trading is too important to ignore

Financial Times/Helen Thomas/6-20-2023

“This time it is not hunger that thrusts the companies that control the world’s grain flows into the spotlight but dealmaking. The combination of US-listed Bunge with Glencore-backed competitor Viterra, in an $8.2bn deal, brings together two of the biggest traders of grains, oilseeds and other agricultural commodities, further tightening the grip of a handful of low-profile companies on the global market.”

USAGOLD note: The “merchants of grain” move to become an even more dominant presence in the global economy……”Perhaps it was the ancient nightmare of the middleman-merchant that made them all so aloof and secretive.”