The world’s third largest cocoa processor Olam has agreed to pay a fine of $3m for alleged mistrading of cocoa futures but has refused to admit wrongdoing.
Maple Leaf Foods recorded slightly lower bakery sales for the third quarter but its CEO said there were signs of improvement to the challenging bread market.
Turmoil in the global financial markets could, ironically, offer relief to prices in the commodity exchanges, where leading confectioners lock in key raw materials for their formulations, with evidence this week suggesting a wave of non-commercial speculators...
China is continuing its moves to liberalise trade and facilitate
economic growth, and food producers have this month been given a
particular boost with the start of futures trading for imported
soybeans, reports Anand Krishnamoorthy.
