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Companies at the centre of the global grain trade have enjoyed a record bonanza amid soring food prices around the world, raising concerns of profiteering and speculation in global food markets that could put staples beyond the reach of the poorest.
The outcome of the 12th Ministerial Meeting (MC12) of the World Trade Organisation (WTO) is a big win for rich countries, but a massive defeat for the global South, explains a dossier by Focus on the Global South.
The World Trade Organization's 12th Ministerial Conference ended with an agreement on patent rights that campaigners said would do virtually nothing to address vast global inequities in coronavirus vaccine and treatment access.
While one person is dying every 48 seconds in Ethiopia, Kenya, and Somalia alone, Oxfam report that food billionaires have increased their collective wealth by $382 billion since 2020.
