| Author: Lester R. Brown |
| InfoShare Partner: Earth Policy Institute |
| Publication Date: March 2007 |
| Type of Document: Article/Report/Paper |
| Topics: Environment and health/population, Financing/management, Nutrition |
| Region: Global |
| Language: English |
| File Size: 59 KB |
| File Format: MS Word To view Microsoft Word documents, you must have MS Word installed on your computer or you can download a free copy of the viewer from Microsoft [download here]
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If you think you are spending more each week at the supermarket, you may be right. The escalating share of the U.S. grain harvest going to ethanol distilleries is driving up food prices worldwide.
Corn prices have doubled over the last year, wheat futures are trading at their highest level in 10 years, and rice prices are rising too. In addition, soybean futures have risen by half. A Bloomberg analysis notes that the soaring use of corn as the feedstock for fuel ethanol “is creating unintended consequences throughout the global food chain.”
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