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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.
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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..
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..
