Bengaluru — The US Commodity Futures Trading Commission (CFTC) said on Thursday that Kraft Heinz and Mondelez International will pay $16m in penalty regarding a wheat manipulation case that dates back to 2015.

The CFTC said Kraft and Mondelez came up with a strategy to purchase and stand for delivery on more than 3,000 futures contracts, priced at about $90m, to send the market a false signal that the companies had demand for wheat...

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