Skip to Content

World to suffer corn shortage as ethanol demand increases

The Department of Agriculture predicts that the U.S., which exports 45-50 million tons of corn yearly, will instead convert 50 million tons to ethanol next year. Last year alone the country exported over 40 million tons which is enough to feed over 130 million people.

Federal requirement to double ethanol availability to 7.5 billion by 2012 is cited as the major cause for this change and the current corn prices. Analysts predict increasing competition between the fuel industry, service stations, and supermarkets.

Related: Rapeseed of War between food industry, biodiesel advocates

[Source: Financial Times via Truth about Trade & Technology]

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.



Featured Galleries

  • 1 Liter Racing League
  • Suzuki Alto in Global Green Challenge
  • Proterra Electric Bus
  • Local Motors Rally Fighter
  • 1916 Woods Dual Power Model 44 Coupe
  • Audi Avatar
  • Global Green Challenge Tesla Roadster goes 313 miles
  • Meyers Motors NMG
  • Cozmo NEV
  • Tokyo 2009: Suzuki Swift PHEV
  • Tokyo 2009: Suzuki SX4-FCV
  • Honda mobility devices

Categories


Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum