The world’s biggest food companies have paid out nearly £15bn to shareholders as spiralling prices leave desperate families struggling to afford to eat, openDemocracy can reveal.
Nestlé, Unilever, Associated British Foods, Mondelez and Archer-Daniels-Midland Company (ADM) have raked in £20bn in profits in the space of a year while all raising average food prices.
Four of the five multinationals – which between them own thousands of popular brands such as Twinings, Kingsmill and Cheerios – have also signalled that consumers should expect further price rises. Only ADM has not.
