TITLE

Ethanol to push up food costs, says IMF

AUTHOR(S)
Lemos, William
PUB. DATE
April 2007
SOURCE
ICIS Chemical Business;4/16/2007, Vol. 2 Issue 62, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24857284

 

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