Matters of Scale - Food Concentrates

Matters of Scale Image

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Share of world's top 100 national (as GDP) and corporate (as revenues) economies that are corporations, 2003
51
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Rank of Belgium among top 100 economies, 2003
18
Belgian GDP, 2003
$248 billion
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Rank of Wal-Mart among top 100 economies, 2003
19
Wal-Mart revenues, 2003
$247 billion
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Worldwide revenues of seed companies, 2002
$23 billion
Percent of total accounted for by the top 10 companies
31
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Worldwide revenues of agrichemical companies, 2002
$27.8 billion
Percent of total accounted for by the top 10 companies
80
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Worldwide revenues of the top 30 food retailers, 2001
$1 trillion+
Percent of total accounted for by the top 10 companies
57
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Percent of total accounted for by the biggest food retailer, Wal-Mart
21
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Number of 33 U.S. food processing industries in which consolidation from 1973 through 1992 led to lower consumer prices
4
Number in which the effect was zero or unknown
6
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Number in which it led to higher prices
23
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Retail price of bread made from one bushel of wheat in Canada, 1975
$30
Farmers’ price for one bushel of wheat in Saskatoon, Canada, 1975
$3
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Retail price of bread made from one bushel of wheat, 1999
$90
Farmers’ price for one bushel of wheat, Saskatoon, Canada, 1999
$3
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Percent of total price-fixing fines worldwide paid by food and agriculture cartels in recent years
85
Number in which the effect was zero or unknown
6
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Sources: Size and rank of economies, and agricultural industry revenues and shares: ETC Group, “Oligopoly, Inc.” (Communiqué #82); food industry consolidation’s effect on prices: A.M. Azzam, “The Effect of Concentration in the Food Processing Industry on Food Prices,” Center for Agricultural and Food Industrial Organization, University of Nebraska/Lincoln; bread and wheat prices: National Farmers Union (Canada), “The Farm Business, EU Subsidies, and Agribusiness Market Power.”