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Oxfam says corporate power worsens climate-driven food price crises

Original: # Africa when climate shocks make food scarcer and more expensive, who captures the extra money? Oxfam argues that power

Oxfam argues that when climate shocks make food scarcer and more expensive in Africa, powerful companies can exploit supply shortages to raise prices beyond increases in production costs. The charity warns that concentrated market power allows corporations to capture extra profits, leaving vulnerable consumers to bear the burden of climate-driven food inflation.

Why now: Oxfam's warning about profiteering during climate-driven food shortages has sparked debate over corporate pricing power.

OxfamAfrica

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• # Africa when climate shocks make food scarcer and more expensive, who captures the extra money? Oxfam argues that powerful companies can exploit supply shortages to raise prices beyond increases in production costs. It warns that concentrated market power allows corporations… · Snoro · 5

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