Welcome! Log In Create A New Profile Recent Messages

Deep Creek Hot Springs

The Moon is Waxing Gibbous (88% of Full)


Advanced

Re: SC30

All posts are those of the individual authors and the owner of this site does not endorse them. Content should be considered opinion and not fact until verified independently.

November 24, 2006 09:20PM
http://www.bloomberg.com/apps/news?pid=20601086&sid=ayonmpI2Y1dA&refer=news

Ethanol Drives Up Food Commodity Prices

.........Global ethanol production is driving up prices for food commodities, from feed stocks such as sugar, to meat, said Datagro, Brazil's biggest sugar-industry forecasting firm.

U.S. production, forecast to increase more than 70 percent by 2012, will use 37 percent of the country's current corn supply to meet output needs, up 15 percent from 2006, Datagro said. Land for soy oilseeds is increasingly being diverted to grow corn, reducing soy supply and driving up animal feed prices, according to the company. In China, competing demand for corn from the food and ethanol industries may lead the country to reduce exports and become a corn importer, Datagro said.

``World sugar, meat, corn, soy and wheat are becoming more interdependent with ethanol,'' Plinio Nastari, president of Datagro, said today at an International Sugar Organization seminar in London.

Demand for biofuels made from plants such as corn, palm oil and sugar is growing amid efforts by nations including the U.S. to reduce reliance on oil, gas and coal. Some governments are also trying to limit carbon emissions and assist farming.

In the U.S., ethanol production is forecast to increase to 34 billion liters by 2012, from an estimated 19.7 billion liters in 2006, according to Datagro.....

Increasingly, much of the world's population's, will more and more, be making the choice between food, and energy.
SubjectAuthorViewsPosted

SC30

Wizard 987November 21, 2006 10:15PM

Re: SC30

Wizard 644November 21, 2006 10:38PM

Re: SC30

Rick 617November 21, 2006 11:42PM

Re: SC30

mojavegreen 631November 22, 2006 06:00PM

Re: SC30

Rick 698November 22, 2006 06:24PM

Re: SC30

LaughingBear 678November 22, 2006 06:58PM

Re: SC30

Rick 609November 22, 2006 10:19PM

Re: SC30

Wizard 714November 22, 2006 08:02PM

Re: SC30

Wizard 760November 22, 2006 09:08PM

Re: SC30

mojavegreen 686November 24, 2006 12:06PM

Re: SC30

Wizard 614November 24, 2006 12:46PM

Re: SC30

Wizard 684November 22, 2006 10:19PM

Re: SC30

Wizard 616November 22, 2006 10:44PM

Re: SC30

jobe 674November 23, 2006 07:14AM

Re: SC30

jobe 987November 23, 2006 07:22AM

Re: SC30

Wizard 654November 24, 2006 11:17PM

Re: SC30

jobe 1424November 27, 2006 01:07AM

Re: SC30

jobe 1125November 27, 2006 01:26AM

Re: SC30

Wizard 681November 24, 2006 11:53AM

Re: SC30

LaughingBear 1024November 23, 2006 08:48AM

Re: SC30

Wizard 716November 24, 2006 12:08PM

Re: SC30

Wizard 723November 24, 2006 08:11PM

Re: SC30

Wizard 624November 24, 2006 08:41PM

Re: SC30

Wizard 629November 24, 2006 09:03PM

Re: SC30

Wizard 662November 24, 2006 09:20PM

Re: SC30

Wizard 723November 24, 2006 09:33PM

Re: SC30

Wizard 587November 24, 2006 09:59PM

Re: SC30

Wizard 1311November 24, 2006 10:37PM

Re: SC30

Wizard 596November 24, 2006 11:00PM



Sorry, only registered users may post in this forum.

Click here to login