There is good news for flour and feed milling firms, as the EU is looking at ways to halt the rising cost of commodities.
The European Commission has recognised that the competitiveness of industry is reliant on efficient and secure access to raw materials, and the rising cost of commodities such as wheat and corn is putting this security at risk.
As such, the commission has drawn up a strategy to curb the activities of commodities traders and bring stability to the markets.
The organisation's president Jose Manuel Barroso said that the policy must help to improve the integrity and transparency of the commodities sector and strengthen trade strategy.
He commented that doing so "will ensure that supply of commodities and raw materials matches demand in a resource-efficient way, contributing to sustainable growth in the European Union".
Reacting to the announcement, the EU's agriculture commissioner Dacian Ciolos told Bloomberg that something needs to be done to reduce the influence of investment funds on the price of commodities.
Typical Guttridge equipment used in the flour and feed milling industries includes;
