The civil decision wraps four years of litigation, after the US Commodity Futures Trading Commission (CFTC) charged the two CPG companies with noncompetitive trading and inflating wheat futures.
Mondelez International and Kraft Foods have filed a motion to dismiss fraud allegations in a wheat manipulation case brought forward by the US Commodity Futures Trading Commission (CFTC).
Mondelēz will bear the brunt of any potential financial sanctions if a charge of manipulating wheat prices brought yesterday by The U.S. Commodity Futures Trading Commission (CFTC) succeeds.
Guar should not be relisted on India’s futures market until regulation of trading is improved, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) says.
Guar gum could be relisted on India’s futures market if a positive committee decision is reached next week, according to the country’s commodity markets regulator.
Price spikes in the US grains market fuelled by a lengthy drought will be felt by bakery and snack manufacturers around September, according to an industry analyst.
Moves to impose position limits on non-commercial hedgers in commodity markets mark an important step in the right direction to tackle volatility in wheat futures, says the American Bakers Association (ABA).
Reports that a company owned by Cargill and ABF bought all the available UK feed wheat last month has renewed calls for tighter regulation of commodity markets.
Some regulation of commodities futures markets could be beneficial – but should stop short of tight limits or an outright ban, the Food and Agriculture Organization (FAO) has said in a new policy brief.
Excessive speculation on the futures market fuelled last year’s wheat price surge that led to higher prices for industry and consumers, according to the results of a year-long Senate investigation.
The wheat futures market, used by wheat farmers and processors to manage price risk, could lose its relevance unless efforts are made by the Chicago Board of Trade to bridge the wide gap between futures and cash prices, finds a new study.
The US Commodity Futures Trading Commission (CFTC) has approved changes to the Chicago Board of Trade (CBOT) wheat futures contract in an effort to bring prices back in line with cash values – but warned that they may not go far enough.
US grain-based ingredients company MGP Ingredients has outlined its new customer-focussed strategy for dealing with volatile grain markets after registering its first net loss for a decade.
Lower futures prices for wheat herald a shaving of input costs for bakers and millers, with the collapse of Lehman Brothers and the near-bankcruptcy of global insurer AIG arguably hitting agricultural quotations downwards.
Latest figures from the International Cocoa Organization (ICCO)
suggest that there will be a rise in world production of cocoa
compared to last year and a rise, though smaller, in world
grindings.
A leading US dairy cooperative has denied any wrongdoing over
allegations that it may be involved in price fixing for some of its
products, as yet another country finds its dairy markets under
scrutiny.
The International Cocoa Organisation (ICCO) monthly review of the
cocoa market suggests that a decline of the monthly average ICCO
daily price in April compared to the previous month could be
misleading as far as futures markets are...
From today the plastics packing industry will be able to give more
consistent prices to buyers if they are able to successfully hedge
their bets on the London Metal Exchange (LME)against volatile
polymer prices, reports Ahmed ElAmin.
Global chocolate supplier Barry Callebaut said that recent
acquisitions had boosted its six month figures, with net profit
showing double-digit growth. But low cocoa prices affected
activities at the processing arm of the company.
