July 21st, 2008
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Daily Telegraph- The chief executive of the sugar refining group Tate & Lyle has hit out at hedge funds and other commodity speculators, calling for them to face greater regulation in a bid to hold back soaring food prices.
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Hedge funds have been blamed for contributing to the rocketing price of commodities including oil, wheat and corn by speculating in the futures market with highly leveraged bets on forward prices.
Tate & Lyle boss Iain Ferguson called for limits to be placed on speculators’ involvement in the futures market and the way hedge funds and others finance their activity.
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