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[PDF] Cereal Secrets: The world's largest grain traders and global agriculture
Author: Sophia Murphy, Institute for Agriculture and Trade Policy, David Burch, University of Queensland, Jennifer Clapp, University of Waterloo, for Oxfam , Published on: 3 August 2012
The major traders, Archer Daniels Midland (ADM), Bunge, Cargill and Louis Dreyfus, collectively known as the ABCD traders, share a significant presence in a range of basic commodities, controlling, for example, as much as 90 per cent of the global grain trade...Traders have been integral to the transformation of food production into a complex, globalized and financialized business. Food prices, access to scarce resources like land and water, climate change and food security are all affected by the activities of traders. As traders continue to exert a great deal of influence over the global food system, they should be held accountable to be responsible actors. Traders are a central node in the food system, within which large-scale change is necessary in order to ensure that everyone has enough to eat – today and in the future.