Federal ethanol mandates, which have led to a steady increase in the production of ethanol made from corn, are a major reason why food prices worldwide have reached record levels in the past several months, according to some economists.
Earlier this month, the United Nation's Food and Agriculture Organization reported that global food prices had risen for eight consecutive months, reaching the highest levels since the agency started tracking prices in 1990. The prices are high in large part because of steadily growing worldwide demand for food, and because of natural disasters that have hurt harvests, but they're also affected by government policies.
To read the full, original article click on this link: Ethanol Blamed for Record Food Prices - Technology Review
Author: Kevin Bullis
