Cargill CEO: Governments to blame for food price hike
Food prices soar 15% from October through January and pushed 44 million people into poverty, according to the World Bank.
Cargill Inc. Chief Executive Officer Greg Page, who runs the largest agricultural company in the United States, has a good idea whom to blame for the global surge in food prices at the end of 2010: governments.
Page urged delegates and guests at the National Grain and Feed Association convention in San Diego in March to take action. He said government hoarding was the biggest contributor to the rise in prices, which had soared 15 percent from October through January and pushed 44 million people into poverty, according to the World Bank.
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