Cargill

For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty in 2022 at nearly the same rate, reveals a new Oxfam brief today. “Profiting from Pain” is published as the World Economic Forum — the exclusive get-together of the global elite in Davos — takes place for the first time face-to-face since COVID-19, a period during which billionaires have enjoyed a huge boost to their fortunes. 

Oxfam urges the Colombian government to close the loopholes that allowed Cargill – the world’s largest agricultural commodity trader – to acquire over 52,000 hectares of land in Colombia’s Altillanura region through 36 shell companies between 2010 and 2012.

The world’s largest commodity traders have a significant impact on the modern agri-food system.