is 59 years and never gives interviews. Surely, your name and your company will not say anything. But your hands spend most of the foods you can imagine. Cargill is one of the four companies control 70 percent of world trade in food. As the world faces the biggest food crisis in decades, they do box 'reading the markets' ... it works.
You do not know, but your breakfast toast is or na most valuable commodity than oil. The flour that is made has a name: Cargill. Sound familiar? For Cargill also called fat smeared butter his toast and jam glucose that sweetens. Cargill is the feed that fattens the cow and the goose that laid the eggs that are fried in the pan. Cargill is the coffee bean and cocoa bean, the fiber cookies and soy beverage. Is the sweetener of soda, hamburger meat, the meal of noodles? Cargill. And the nachos corn, sunflower oil, phosphate fertilizer ... What What about the biofuel in your car, the starch that have been refined oil to make ethanol and mix it with gasoline? Guess.
You do not know, but your breakfast toast is or na most valuable commodity than oil. The flour that is made has a name: Cargill. Sound familiar? For Cargill also called fat smeared butter his toast and jam glucose that sweetens. Cargill is the feed that fattens the cow and the goose that laid the eggs that are fried in the pan. Cargill is the coffee bean and cocoa bean, the fiber cookies and soy beverage. Is the sweetener of soda, hamburger meat, the meal of noodles? Cargill. And the nachos corn, sunflower oil, phosphate fertilizer ... What What about the biofuel in your car, the starch that have been refined oil to make ethanol and mix it with gasoline? Guess.
No, look no marks or labels; not find them. Cargill has tiptoed past history. How can a company founded in 1865, with 131,000 employees in 67 countries, with annual sales of 120,000 million dollars over four times the sales of Coca-Cola and five times that of McDonald's, is so unknown? How do you explain that a company so huge that their accounts exceed the economy of Kuwait, Peru and 80 other countries have gone so unnoticed until now? In part, because it is a family business. Yes, his numbers Pasman, but Cargill is not listed and has no to explain. Its partners are a swarm of great-grandchildren of the founders, brothers William and Samuel Cargill, Iowa farmers who built an empire in the nineteenth century thanks to a grain elevator hugging the railroad tracks in the prairie town that did not come on maps. Later, a brother-John MacMillan-take the reins. For decades, Cargill and MacMillan were added grain silos, flour mills, salt mines, slaughterhouses and a fleet of merchant ships. Today, some 80 descendants share of the dividends and play golf. Little else is known about them except that men wear kilts at parties to honor their ancestors. And that seven sit on the Board administration and are in the Forbes list of the richest in the world, with assets of around 7 billion apiece. The company president is Greg Page, a phlegmatic type who likes to say, somewhat sarcastically, that Cargill is dedicated "to the marketing of photosynthesis."
But it is the playground for pranks. prices basic foods have soared in the last year: wheat, 84 per cent corn, 63, and rice, almost ten, the three grains that feed humanity . There are highs, warns the United Nations Organization para la Agricultura y la Alimentación (FAO). Por encima de los que en 2008 causaron revueltas en 40 países y condenaron a la hambruna a 130 millones de personas. Y los precios seguirán subiendo, pronostica Financial Times. «El coste de los cereales es crítico para la seguridad alimentaria porque es la materia prima de referencia en los países pobres. Si los precios continúan elevándose, habrá más algaradas.»
The reasons are manifold. A cocktail of drought, bad harvests and speculation. But very few winners. And among them are the mammoth corporations that control global grain trade. Cargill has tripled its profits in the second half and earnings will exceed 4000 million dollars, record set in 2008 in the troubled waters of the food crisis. The company bet that the drought in Russia, one of the major world producers, would require Vladimir Putin to prohibit exports to ensure domestic consumption. And hit. "We did a good job 'reading markets' and react quickly, "said a spokeswoman for Cargill. What is the reaction? In essence, it is buying crops play Monopoly in the futures market, sometimes before they plant a single seed. And moving them from one place to another planet, wherever it is most profitable.
The reasons are manifold. A cocktail of drought, bad harvests and speculation. But very few winners. And among them are the mammoth corporations that control global grain trade. Cargill has tripled its profits in the second half and earnings will exceed 4000 million dollars, record set in 2008 in the troubled waters of the food crisis. The company bet that the drought in Russia, one of the major world producers, would require Vladimir Putin to prohibit exports to ensure domestic consumption. And hit. "We did a good job 'reading markets' and react quickly, "said a spokeswoman for Cargill. What is the reaction? In essence, it is buying crops play Monopoly in the futures market, sometimes before they plant a single seed. And moving them from one place to another planet, wherever it is most profitable.
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