date:May 28, 2013
Germany's DZ Bank is to end speculation in food commodities, following a move taken by several other German banks, a letter from the bank showed on Monday.
The move was announced by DZ Bank director Lars Hille in a letter to German pressure group Foodwatch seen by Reuters on Monday.
Groups such as Oxfam and Foodwatch have said such trading is responsible for pushing up international food prices and exacerbating famine in poor countries.
A series of other German banks, including Commerzbank ,