(EnergyAsia, April 13) — The diversion of grain for ethanol production in the US is driving up food prices worldwide, said the Earth Policy Institute. In a recent study, the institute noted that corn prices have doubled over the last year, while wheat futures are trading at their highest level in 10 years. The study…
MARKETS: Growing grain use for ethanol driving up food prices around the world
Posted on April 13, 2007 by EnergyAsia