Announcement

Collapse
No announcement yet.

Wheat buy-up sparks price manipulation fears

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Wheat buy-up sparks price manipulation fears

    Wheat buy-up sparks price manipulation fears

    By Nick Mathiason9:30PM BST 30 Jul 2011

    Britain's most powerful grain company, jointly owned by Cargill and Associated British Foods, bought and took delivery of all the available UK feed wheat last month.

    snip

    This has sparked concern within the G20 that speculation is feeding inflation and aggravating poverty in poor countries. And the European Commission this autumn is expected to revise its Markets in Financial Instruments Directive (MIFID), which has attracted a fierce lobbying drive from banks trying to ward off expected greater transparency in derivative markets across the EU.

    more..

    http://www.telegraph.co.uk/finance/c...ion-fears.html
Working...
X