New Hampshire experts say the rapid increase in ethanol production may fuel higher food prices.
Agriculture Commissioner Steve Taylor estimates that 30 percent of the nation's corn supply this year will be used to produce the biofuel. He says less corn will be available in supermarkets or for animal feed, pushing those prices up and translating into higher prices for dairy, meat and eggs. Even products like soda, baked goods, cereals and breads might cost more because they use high-fructose corn syrup as a sweetener, he said. [...]
State Experts: Ethanol Will Drive Up the Cost of Food
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State Experts: Ethanol Will Drive Up the Cost of Food
Third of nation's corn could be used for fuel
Associated Press, 6/11/07
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