Ethanol to push up food costs, says IMF

Lemos, William
April 2007
ICIS Chemical Business;4/16/2007, Vol. 2 Issue 62, p8
Trade Publication
The article reports on the probable impact of the plan of the U.S. to increase ethanol production on food prices. The International Monetary Fund reported that global food prices rose by 10% in 2006 as a result of surging corn and wheat prices following poor harvests in major producing countries and rising US demand for ethanol. Cuba's president, Fidel Castro, has predicted that more than 3 billion people worldwide will starve because of U.S. plans to use corn to produce motor fuel.


Related Articles

  • The king's nudity. Lefort, Rene // UNESCO Sources;Dec96, Issue 85, p3 

    Focuses on Cuban leader Fidel Castro's message during the 1996 World Food Summit in Rome, Italy. Castro's reaction to the world goal of cutting the number of hungry people from 800 million to 400 million in 20 years.

  • My Search for Nitza. CORTINA-WEISS, BETTY // Saveur;Mar2014, Issue 163, p32 

    The author pays tribute to Nitza Villapol, said to be the most influential culinary personality in Cuba's history, who taught successive generations to cook traditional Cuban dishes such as picadillo and fricassé de pollo through her magazine columns and cooking show "Cocina al Minuto." She...

  • Deteriorating Inflation Outlook.  // Latin America Monitor: Central America Monitor;Dec2007, Vol. 24 Issue 12, p4 

    The article discusses the inflation outlook in Nicaragua for 2007 to 2008. The high imported oil and food prices have affected the inflation outlook in the country. As reported, the upward revisions to the projections for 2007 was in order. Part of Nicaragua's economic accord with the...

  • Inflation of Violence.  // Time;10/9/1972, Vol. 100 Issue 15, p39 

    The article focuses on the inflation and violence in Chile. It mentions that the inflation rate is 22.7% while the price of food increased to an estimated 60% in August 1972. It discusses that Socialists plan on organizing antifascist brigades while Patria y Libertad talks on establishing shock...

  • Puerto Rico escapes global food crisis, for now. Ryan, Frances // Caribbean Business;8/21/2008, Vol. 36 Issue 33, p25 

    The article reports on the warning of the World Bank Group (WBG) and the International Monetary Fund (IMF) on the skyrocketing food prices in the global market. Egypt, Indonesia and Pakistan are among the 33 countries which are greatly affected by the food crisis. Moreover, victims in food...

  • Bittersweet Economy. FEFFER, JOHN // Foreign Policy in Focus;10/14/2008, p1 

    The article presents update on several issues as of October 2008. Author Hope Shand reports that the use of plant sugars for biotechnology diverted land from food production, increases food prices and promotes food crisis. A study of science professionals David Stuckler and Sanjay Basu found...

  • Results Selection.  // Swaziland Country Monitor;Nov2010, p1 

    The article offers information on the economic conditions of Swaziland. It states that the country's inflation increased to 4.1% year-on-year (y/y) in September 2010 while food prices decreased at -0.35% y/y. It mentions that the International Monetary Fund (IMF) advised Swaziland to suspend...

  • Namibia worries about inflation.  // Market: Africa/Mid-East;Aug2007, Vol. 12 Issue 5, p6 

    The article reports on the inflationary worries of Namibia. According to the Bank of Namibia (BoN), private consumption would grow, due to salary increases, 3.9 percent in 2007 compared with 3.8 percent in 2006. The article indicates that the factors contributing to the country's worries about...

  • FACTOID.  // ASEE Prism;Sep2008, Vol. 18 Issue 1, p21 

    The article reports on a factoid from the International Monetary Fund (IMF), which states that there is a fifteen to thirty percent proportion of food price increases which can be attributed to the growing use of biofuels.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics