Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | We&#039;ll make a killing out of food crisis, trading boss boasts-James Cusick    </title>
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-The Independent





Drought is good for business, says Glencore chief





The United Nations, aid agencies and the British Government have lined up to attack the world's largest commodities trading company, Glencore, after it described the current global food crisis and soaring world..."/>
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-The Independent





Drought is good for business, says Glencore chief





The United Nations, aid agencies and the British Government have lined up to attack the world's largest commodities trading company, Glencore, after it described the current global food crisis and soaring world..." />
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                            <div style="text-align: justify">-The Independent</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Drought is good for business, says Glencore chief</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The United Nations, aid agencies and the British Government have lined up to attack the world's largest commodities trading company, Glencore, after it described the current global food crisis and soaring world prices as a &quot;good&quot; business opportunity.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">With the US experiencing a rerun of the drought &quot;Dust Bowl&quot; days of the 1930s and Russia suffering a similar food crisis that could see Vladimir Putin's government banning grain exports, the senior economist of the UN's Food and Agriculture Organisation, Concepcion Calpe, told The Independent: &quot;Private companies like Glencore are playing a game that will make them enormous profits.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ms Calpe said leading international politicians and banks expecting Glencore to back away from trading in potential starvation and hunger in developing nations for &quot;ethical reasons&quot; would be disappointed.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;This won't happen,&quot; she said. &quot;So now is the time to change the rules and regulations about how Glencore and other multinationals such as ADM and Monsanto operate. They know this and have been lobbying heavily around the world to water down and halt any reform.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Glencore's director of agriculture trading, Chris Mahoney, sparked the controversy when he said: &quot;The environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness, a lot of arbitrage opportunities.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We will be able to provide the world with solutions... and that should also be good for Glencore.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Glencore announced pre-tax global profits of &pound;1.4bn. The G20 is considering holding an emergency summit on the world food crisis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Oxfam was scathing about Glencore's exploitation of volatile world food prices. Jodie Thorpe, from the aid agency's Grow Campaign, said: &quot;Glencore's comment that 'high prices and lots of volatility and dislocation' was 'good' gives us a rare glimpse into the little-known world of companies that dominate the global food system.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Oxfam said companies like Glencore were &quot;profiting from the misery and suffering of poor people who are worst hit by high and volatile food prices&quot;, adding: &quot;If we are going to fix the ailing food system then traders must be part of the cure.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Stephen O'Brien, Parliamentary Under Secretary of State for International Development, said: &quot;We know that food-price spikes hit the poorest hardest. Ensuring the poor can still access enough food is vital in times of food-price rises, which is why the UK is investing in safety nets that deliver food and cash to the poorest.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A Glencore spokesperson said: &quot;Regardless of the business environment, Glencore is helping fulfil global demand by getting the commodities that are needed to the places that need them most.&quot;</div><div style="text-align: justify"><br /></div>                                                           
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    <h1 class="cat-box-title">We&#039;ll make a killing out of food crisis, trading boss boasts-James Cusick</h1>
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                            <div style="text-align: justify">-The Independent</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Drought is good for business, says Glencore chief</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The United Nations, aid agencies and the British Government have lined up to attack the world's largest commodities trading company, Glencore, after it described the current global food crisis and soaring world prices as a &quot;good&quot; business opportunity.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">With the US experiencing a rerun of the drought &quot;Dust Bowl&quot; days of the 1930s and Russia suffering a similar food crisis that could see Vladimir Putin's government banning grain exports, the senior economist of the UN's Food and Agriculture Organisation, Concepcion Calpe, told The Independent: &quot;Private companies like Glencore are playing a game that will make them enormous profits.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ms Calpe said leading international politicians and banks expecting Glencore to back away from trading in potential starvation and hunger in developing nations for &quot;ethical reasons&quot; would be disappointed.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;This won't happen,&quot; she said. &quot;So now is the time to change the rules and regulations about how Glencore and other multinationals such as ADM and Monsanto operate. They know this and have been lobbying heavily around the world to water down and halt any reform.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Glencore's director of agriculture trading, Chris Mahoney, sparked the controversy when he said: &quot;The environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness, a lot of arbitrage opportunities.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We will be able to provide the world with solutions... and that should also be good for Glencore.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Glencore announced pre-tax global profits of &pound;1.4bn. The G20 is considering holding an emergency summit on the world food crisis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Oxfam was scathing about Glencore's exploitation of volatile world food prices. Jodie Thorpe, from the aid agency's Grow Campaign, said: &quot;Glencore's comment that 'high prices and lots of volatility and dislocation' was 'good' gives us a rare glimpse into the little-known world of companies that dominate the global food system.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Oxfam said companies like Glencore were &quot;profiting from the misery and suffering of poor people who are worst hit by high and volatile food prices&quot;, adding: &quot;If we are going to fix the ailing food system then traders must be part of the cure.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Stephen O'Brien, Parliamentary Under Secretary of State for International Development, said: &quot;We know that food-price spikes hit the poorest hardest. Ensuring the poor can still access enough food is vital in times of food-price rises, which is why the UK is investing in safety nets that deliver food and cash to the poorest.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A Glencore spokesperson said: &quot;Regardless of the business environment, Glencore is helping fulfil global demand by getting the commodities that are needed to the places that need them most.&quot;</div><div style="text-align: justify"><br /></div>                                                           
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    <br><a href="http://www.independent.co.uk/news/world/politics/well-make-a-killing-out-of-food-crisis-trading-boss-boasts-8073806.html" class="re" target="_blank">The Independent, 23 August, 2012, http://www.independent.co.uk/news/world/politics/well-make-a-killing-out-of-food-crisis-trading-boss-boasts-8073806.html</a><div class="clear"></div>
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                            <div style="text-align: justify">-The Independent</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>Drought is good for business, says Glencore chief</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The United Nations, aid agencies and the British Government have lined up to attack the world's largest commodities trading company, Glencore, after it described the current global food crisis and soaring world prices as a &quot;good&quot; business opportunity.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">With the US experiencing a rerun of the drought &quot;Dust Bowl&quot; days of the 1930s and Russia suffering a similar food crisis that could see Vladimir Putin's government banning grain exports, the senior economist of the UN's Food and Agriculture Organisation, Concepcion Calpe, told The Independent: &quot;Private companies like Glencore are playing a game that will make them enormous profits.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Ms Calpe said leading international politicians and banks expecting Glencore to back away from trading in potential starvation and hunger in developing nations for &quot;ethical reasons&quot; would be disappointed.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;This won't happen,&quot; she said. &quot;So now is the time to change the rules and regulations about how Glencore and other multinationals such as ADM and Monsanto operate. They know this and have been lobbying heavily around the world to water down and halt any reform.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Glencore's director of agriculture trading, Chris Mahoney, sparked the controversy when he said: &quot;The environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness, a lot of arbitrage opportunities.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;We will be able to provide the world with solutions... and that should also be good for Glencore.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Glencore announced pre-tax global profits of &pound;1.4bn. The G20 is considering holding an emergency summit on the world food crisis.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Oxfam was scathing about Glencore's exploitation of volatile world food prices. Jodie Thorpe, from the aid agency's Grow Campaign, said: &quot;Glencore's comment that 'high prices and lots of volatility and dislocation' was 'good' gives us a rare glimpse into the little-known world of companies that dominate the global food system.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Oxfam said companies like Glencore were &quot;profiting from the misery and suffering of poor people who are worst hit by high and volatile food prices&quot;, adding: &quot;If we are going to fix the ailing food system then traders must be part of the cure.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Stephen O'Brien, Parliamentary Under Secretary of State for International Development, said: &quot;We know that food-price spikes hit the poorest hardest. Ensuring the poor can still access enough food is vital in times of food-price rises, which is why the UK is investing in safety nets that deliver food and cash to the poorest.&quot;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A Glencore spokesperson said: &quot;Regardless of the business environment, Glencore is helping fulfil global demand by getting the commodities that are needed to the places that need them most.&quot;</div><div style="text-align: justify"><br /></div>                                                           
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Home हिन्दी

We'll make a killing out of food crisis, trading boss boasts-James Cusick

Published on Aug 23, 2012   Modified on Aug 23, 2012

-The Independent Drought is good for business, says Glencore chief The United Nations, aid agencies and the British Government have lined up to attack the world's largest commodities trading company, Glencore, after it described the current global food crisis and soaring world prices as a "good" business opportunity. With the US experiencing a rerun of the drought "Dust Bowl" days of the 1930s and Russia suffering a similar food crisis that could see Vladimir Putin's government banning grain exports, the senior economist of the UN's Food and Agriculture Organisation, Concepcion Calpe, told The Independent: "Private companies like Glencore are playing a game that will make them enormous profits." Ms Calpe said leading international politicians and banks expecting Glencore to back away from trading in potential starvation and hunger in developing nations for "ethical reasons" would be disappointed. "This won't happen," she said. "So now is the time to change the rules and regulations about how Glencore and other multinationals such as ADM and Monsanto operate. They know this and have been lobbying heavily around the world to water down and halt any reform." Glencore's director of agriculture trading, Chris Mahoney, sparked the controversy when he said: "The environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness, a lot of arbitrage opportunities. "We will be able to provide the world with solutions... and that should also be good for Glencore." Glencore announced pre-tax global profits of £1.4bn. The G20 is considering holding an emergency summit on the world food crisis. Oxfam was scathing about Glencore's exploitation of volatile world food prices. Jodie Thorpe, from the aid agency's Grow Campaign, said: "Glencore's comment that 'high prices and lots of volatility and dislocation' was 'good' gives us a rare glimpse into the little-known world of companies that dominate the global food system." Oxfam said companies like Glencore were "profiting from the misery and suffering of poor people who are worst hit by high and volatile food prices", adding: "If we are going to fix the ailing food system then traders must be part of the cure." Stephen O'Brien, Parliamentary Under Secretary of State for International Development, said: "We know that food-price spikes hit the poorest hardest. Ensuring the poor can still access enough food is vital in times of food-price rises, which is why the UK is investing in safety nets that deliver food and cash to the poorest." A Glencore spokesperson said: "Regardless of the business environment, Glencore is helping fulfil global demand by getting the commodities that are needed to the places that need them most."

The Independent, 23 August, 2012, http://www.independent.co.uk/news/world/politics/well-make-a-killing-out-of-food-crisis-trading-boss-boasts-8073806.html

Tagged with: drought Food Security Inflation Right to Food

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