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July 30th, 2010
Speculators Rediscover Agricultural Commodities

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With the financial crisis fading into the past, speculation on agricultural commodities markets has returned in force. Food prices are climbing once again as hedge funds rediscover the immense profits that can be made — led by a British chocolate baron. Even by the standards of London’s exclusive Mayfair neighborhood, businessman Anthony Ward leads a luxurious lifestyle. He and his family live in a 500-square-meter (5,380-square-foot) townhouse with five bedrooms, each with its own bath. There are separate quarters for the staff. When Ward opens a bottle of wine on his veranda in the evening, it’s likely that it comes from his own vineyard at the foot of Paardeberg Mountain near Cape Town. Read More