Cargill Inc. CEO blames government hoarding for rise in food prices
Bloomberg Markets magazine is reporting today that, during a speech to attendees at the National Grain and Feed Association convention in San Diego in March, Cargill Inc. CEO Greg Page pointed out the primary antagonist for the global surge in food prices at the end of 2010: governments.
According to September issue report, Page said government hoarding was the biggest contributor to the rise in prices.