Food Concentrates

http://www.worldwatch.org/pubs/mag/2005/183/mos/
 

 
Share of world’s top 100 national (as GDP) and corporate (as revenues) economies that are corporations, 2003  51
 
 

Rank of Belgium among top 100 economies, 2003  18
Belgian GDP, 2003  $248 billion
 

Rank of Wal-Mart among top 100 economies, 2003  19
Wal-Mart revenues, 2003  $247 billion
 

Worldwide revenues of seed companies, 2002  $23 billion
Percent of total accounted for by the top 10 companies  31
 

Worldwide revenues of agrichemical companies, 2002  $27.8 billion
Percent of total accounted for by the top 10 companies  80
 

Worldwide revenues of the top 30 food retailers, 2001  $1 trillion+
Percent of total accounted for by the top 10 companies  57
 

Percent of total accounted for by the biggest food retailer, Wal-Mart  21
 
 

Number of 33 U.S. food processing industries in which consolidation from 1973 through 1992 led to lower consumer prices  4
Number in which the effect was zero or unknown  6
 

Number in which it led to higher prices  23
 
 

Retail price of bread made from one bushel of wheat in Canada, 1975  $30
Farmers’ price for one bushel of wheat in Saskatoon, Canada, 1975  $3
 

Retail price of bread made from one bushel of wheat, 1999  $90
Farmers’ price for one bushel of wheat, Saskatoon, Canada, 1999  $3
 

Percent of total price-fixing fines worldwide paid by food and agriculture cartels in recent years  85
Number in which the effect was zero or unknown  6
 

Sources: Size and rank of economies, and agricultural industry revenues and shares: ETC Group, “Oligopoly, Inc.” (Communiqué #82); food industry consolidation’s effect on prices: A.M. Azzam, “The Effect of Concentration in the Food Processing Industry on Food Prices,” Center for Agricultural and Food Industrial Organization, University of Nebraska/Lincoln; bread and wheat prices: National Farmers Union (Canada), “The Farm Business, EU Subsidies, and Agribusiness Market Power.”

 

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