Multinationals make billions in profit out of growing global food crisis

Imagine my shock. All that funny money the financial giants refuse to write off as losses is being shuffled around into commodities like food and oil, driving up the prices and leading to poor people starving to death. - Ed.

Giant agribusinesses are enjoying soaring earnings and profits out of the world food crisis which is driving millions of people towards starvation, The Independent on Sunday can reveal. And speculation is helping to drive the prices of basic foodstuffs out of the reach of the hungry.

The prices of wheat, corn and rice have soared over the past year driving the world's poor – who already spend about 80 per cent of their income on food – into hunger and destitution.

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