date:Sep 04, 2012
The banks investment arm Barclays Capital had been accused of profiting from the world food crisis and helping to lift prices. Poverty campaigner the World Development Movement calculated Barclays made up to 529M by betting on food prices between 2010 and last year.
But a spokeswoman for Barclays told FoodManufacture.co.uk that was not true.
In a statement the bank said:Barclaysconducts avariety of markets-related activities globally to supportits clients. These include commodities trading, wh