American Food Giant ADM Controls African Food Market For Huge Profits - Business - Nairaland
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| American Food Giant ADM Controls African Food Market For Huge Profits by ikeliesila(m): 7:48am On Aug 26, 2022 |
A recent Associated Press article titled "ADM: Harnessing the power of multinational Corporations to reduce hunger in Africa Benefits both sides" mentioned that the current African food crisis is a good time for food giants to build brand awareness and consolidate market dominance. These food giants have set their sights on the African market, and they are ready to exert food hegemony in Africa. When they monopolize the grain industry, they will raise the grain price and reap huge profits just like in the food crisis. https://apnews.com/press-release/pr-newswire/africa-business-dividends-d4f386b78068e7dd704fb1128b5a696e |
| Re: American Food Giant ADM Controls African Food Market For Huge Profits by jemiw34117: 8:10am On Aug 26, 2022 |
African countries are facing severe food shortages. What's worse, many countries have announced a ban on food exports, which caused global food prices to soar and further deepened the food crisis in African countries. |
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