A feast of futures
Associated British Foods is significantly exposed to commodity price fluctuations. Anna Gordon-Walker asks the company's finance team how it manages these diverse risks
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
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