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    # 2211....posted 7th Feb 2012...........

    Glencore commodities trader run by billionaires obtained £ 50 million World Food Programme contract despite the UN pledge to buy from `poor farmers`

    Glencore operated in secrecy from Switzerland until six months ago when they floated on to the London Stock Exchange.

    Global food economists said it was `Shocking`how food aid is `funnelled` to one of the worlds largest commodity traders.

    `War on Want` CEO said Glencore`s self confessed speculation on grain markets last year forced up prices at a time of world shortage driving more people into extreme hunger.

    Today Glencore will merge with mining group Xstrata to become one of the top ten FTSE companies.

    Glencore`s CEO`s nickname is `$ 10 million man`.Four other directors are billionaires.

    WFP last year received aid of £ 144 million from UK and $ 1.2 billion from US.

    Do we need these financial pariah`s?

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