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Judge OKs $16 million fine against Kraft, Mondelez to settle CFTC complaint, agency says – Metro US

Judge OKs $16 million fine against Kraft, Mondelez to settle CFTC complaint, agency says

FILE PHOTO: A Heinz Ketchup bottle sits between a box
FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York

(Reuters) – A federal judge on Friday ordered food consumer companies Kraft Heinz and Mondelez International pay a $16 million fine as part of a settlement with the U.S. Commodity Futures Trading Commission, the agency said.

The CFTC said in 2015 it had filed a complaint against the companies alleging manipulation and attempted manipulation of the prices of cash wheat and wheat futures.

(Reporting by Tyler Clifford)

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