A feast of futures

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Associated British Foods' (ABF) businesses, which include brands such as Kingsmill, Silver Spoon, Ryvita, Ovaltine and Twinings in the UK, and Mazola in the US, are significantly exposed to commodity price fluctuations. ABF finance director John Bason says commodity price volatility has eaten into its profits in the past year. The company reported on March 4 that it lost £20 million from European Union sugar regime reform and adverse commodity and energy price movements in the first half of

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