Monday, July 21, 2008

I can't understand why food prices are rising so rapidly in a free market economy with untrammelled competition. Now let me think ...

Agriculture conglomerate Cargill said on Monday that its third-quarter profit rose 86 percent to $1.03 billion on strong growth in its commodity sourcing and finance business. It said the largest profits came from its origination and processing segment, which processes and sells food commodities.

Associated Press, April 14, 2008

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