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Group Says Ethanol Had Small Effect On Food Prices
By Mr Ethanol | August 1, 2008
NTV:
Another new study says that ethanol production has had an impact on food prices, but only a small one.
Nebraska Senator Ben Nelson is chairman of the Ethanol Across America campaign that released the study. He says farmers are increasing yields to help meet the strong demand for corn, and that may lead to prices leveling off.
The study says fuel prices have had a much bigger impact on food prices than ethanol production.
Douglas Durante of the Ethanol Across America campaign says ethanol demand accounted for about 20% of the increased demand for grain.
Global demand from countries like India and China accounts for much of the rest of the increased demand for grain.
Topics: Ethanol Prices, News |
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