Gem of the day

You don't always get agribusiness giants to admit in the global media that they care about profit more than anything else. But sometimes you do. Witness Chris Maloney, head of Glencore's food trading business (via The Guardian):

"In terms of the outlook for the balance of the year, the environment is a good one. High prices, lots of volatility, a lot of dislocation, tightness, a lot of arbitrage opportunities [the purchase and sale of an asset in order to profit from price differences in different markets]"

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