Associated Press: No damage from ethanol boom

Categories: Bio Fuels

The US Department of Agriculture's chief economist said last week that a jump in corn-based ethanol production next year will not raise food prices enough to harm consumers, according to a recent story by the Associated Press.

He notes that a 7% increase in food prices this year have been largely due to inclement weather and low levels of Australian wheat crops, amongst other factors, rather than increased ethanol production.

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