EU ASKED TO TACKLE SPECULATION ON FOOD PRICES | Europeans For Financial Reform

"Anger over soaring food prices has literally put a number of countries on fire. A crucial cause has been speculation by traders and brokers who have no commercial interest in these markets.

"We do not want to see another Chocfinger scandal like the one last July when a hedge fund manager in London hoarded cocoa, creating an artificial shortage and forcing prices up. This kind of practice is not acceptable"