Printable version from NI Global Issues for Learners of English:
Agribusiness is BIG business
Oh yes!
In 1998, Agribusiness was worth $31 billion.
Most of the agrochemical industry is controlled by a small number of very large corporations:
- the top 10 agrochemical corporations control 73% of the world market in pesticides;
- the top 20 agrochemical corporations control 93% of the world market in pesticides.
And these corporations often merge with each other to form even bigger and more powerful corporations.
For example:
Novartis and Zeneca are planning to merge;
AgroEvo and Rhone-Poulenc are planning to merge.
These two new corporations will be the biggest agrochemical companies in the world.
When two things MERGE, they join together and become one.
This information is taken from the May 2000 issue of the New Internationalist.
© 2000: the New Internationalist
NI Global Issues for Learners of English > Issues > Pesticides > Big business
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