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U.S. ethanol industry raising prices corn, tortilla prices

The corn for fuel or food argument is hitting home for many people in Mexico. According to Z Mag, tortilla prices in many regions of Mexico have jumped up by more than 50 percent, thanks to more and more corn going to feed ethanol production instead of people. Protests aimed at Felipe Calderon's government prompted him to negotiate a price cap of 8.5 pesos per kilogram for tortillas made by the largest manufacturers. Still, this is a 40 percent increase. In some regions, a kilogram of tortillas now costs as much as a third of a day's wage. Z ... Read more →

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