Two-week increase in food billionaires’ wealth enough to fully fund East Africa hunger crisis response

[KhinaraDorsey]

Food billionaires have increased their collective wealth by $382 billion (£321bn) since 2020. Less than two weeks' worth of their wealth gains would be more than enough to fund the entirety of the $6.2 billion (£5.2bn) UN appeal for East Africa, which is currently woefully funded at a mere 16 per cent.

https://reliefweb.int/report/ethiopia/two-week-increase-food-billionaires-wealth-enough-fully-fund-east-africa-hunger-crisis-response

[LashayaHughes]

The “ABCD” food giants, Archer-Daniels-Midland, Bunge, Cargill, and Dreyfus, control the bulk of the world’s commercial grain trade and have pricing power over grain.