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The war on Iran and the blockade of the Strait of Hormuz has turned attention to the volatility of industrial supply chains. What does it mean for food systems?
The oligopoly of hunger profiteers at the centre of the agricultural commodities trade makes the global industrial food system even more vulnerable to such shocks.
Our latest report, Grain Traders, Greed and #OligopolyPower, once again sounds the alarm on the increasing concentration of power among a handful of big agricultural commodities traders, who have the power to operate in secrecy and game the grain market with impunity.
“This crisis once again highlights the fragility of the dominant agro-industrial model. A food system based on #monocultures, #synthetic #fertilizers, fossil fuels and long supply chains controlled by a handful of large corporations is acutely vulnerable to geopolitical instability and global trade shocks.” - Marcos Filardi, ETC Group.
#IranWar #IranFlag @IranDefenceForc @IranSpoof @IranIntl_En @DailyIranNews
@ETCGroupLLC @ETCommodities
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