Molduras SorocabaVirtual EntrepreneurBizOpBlogsAcademia de Inglês 24h®FranchiseTalk

Ethanol Makers Reject Blame For Food Prices

Tampa Tribune:
Food retailers are wrongfully blaming the ethanol industry for jacking up the cost of a Thanksgiving Day feast, the Renewable Fuels Association said Tuesday.

Food retailers are misleading the public, claiming more ethanol use has raised the price of corn, which is used in most food production, the trade association said.
food_prices.jpg

Corn prices are down about 21 percent from last year. On Nov. 21, a bushel of corn cost $3.39, down from $4.28 on the same day last year, the association said.

“This fact alone disproves the notion that grain prices are a primary driver of retail food prices,” the association said in a statement. “If corn prices have decreased since last November, how could they possibly be responsible for the increase in the price of Thanksgiving dinner.”

The ethanol industry’s demand for corn accounts for 1.4 percent of the cost of a Thanksgiving meal for 10, the trade group said. The effect is “nothing more than a couple of quarters.”

Share and Enjoy:
  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay

Related posts:

  1. More Corn Ethanol Could Boost Cellulosic Ethanol Wired News: The ethanol industry is taking a beating from...

Related posts brought to you by Yet Another Related Posts Plugin.

Leave a reply

Welcome Visitor(s)
  • 6 online
  • Add to Technorati Favorites
    Recent Posts

    Invention Runs Your Car On Rubbish

    Thisiskent.co.uk: Hamburgers and rotten apples could be the answer to the fuel crisis, according to... 

    ethanol-business.com Is For Sale

    If you are interested in buying this blog (or you know someone who might be), you are invited to express... 

    How To Find Ethanol Free Gasoline

    Examiner.com: Finding ethanol free gasoline is simple process, but it does take time. Use the following... 

    Biofuel Guide - Ethanol And Biodiesel As Alternative Energy

    PR Urgent: Ethanol, as in beer and wine, is an alcohol modified to utilize it as a fuel and making it... 

    More Corn Ethanol Could Boost Cellulosic Ethanol

    Wired News: The ethanol industry is taking a beating from the bad economy, with big producers like VeraSun... 

    Comments
    Why do you sell it ? ------- Thanks for your interest and contact, Suzanne. I've been very busy lately working with another
    nice comment on beautiful efforts on agriculture Network for more information.. Regards rachael
    Great post.
    What a great post! It is interesting to hear about new innovations like this “mini-refinery.” I think it’s another example of
    Great site,I found it on my bloglog. Ethanol seem like a great fuel source, considering the alternatives.
    CATEGORIES

    Virtual Entrepreneur BizOp Blogs Franchise Talk