Ethanol boosting food prices, economist says

August 6, 2007
Food prices are rising faster than prices for other consumer products because ethanol plants are consuming more corn, Purdue University economists say. Food prices will edge up as much as 4 percent this year and next year, the economists told The Journal Gazette of Fort Wayne. Ethanol plants are bidding up the price of corn, traditionally a key feed grain fed by livestock farmers.

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