Global Food Supplier to Profit Enormously While Food Prices Soar

[Donnachaidh]

http://www.truthdig.com/eartotheground/item/global_food_supplier_to_profit_enormously_while_food_prices_soar_20110510/

Switzerland-based Glencore—one of the world’s largest suppliers of food and other commodities—could make as much as $11 billion by going public this year. The sale of its shares will add hundreds of people to the international roster of millionaires and billionaires while rising food prices continue to gouge the world’s poor. —ARK

Al-Jazeera

The rapid rise in prices for food, fuel and commodities has been disastrous for the world’s poor, including Indonesian market vendor Lia Romi. But it’s a bonanza for multinational trading firms such as Glencore.

While Romi has trouble feeding her family, Glencore - the world’s largest diversified commodities trader - is planning a US$11billion share sale, likely the largest market debut ever seen on the London Stock Exchange.

More at the link --