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SC36

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January 29, 2007 10:52PM
http://www.msnbc.msn.com/id/16876643/

Tyson warns on food versus fuel conflict

Tyson, the world's largest protein producer, on Monday warned that boosting US ethanol production would spill over into higher global food prices.

The US group said consumers would bear the brunt of domestic price increases being pushed through to compensate for the near-doubling of corn costs last year, spurred in part by the competing claim on the crop to make ethanol.

Food producers have expressed concern about the effect of ethanol-driven corn prices for months but calls for a food-versus-fuel debate have grown louder in the wake of last week's White House plan for a five-fold rise in renewable fuel production over the next decade.

However, Tyson executives said "this was not just a US phenomenon", with animal-feed prices being "reset throughout the world" to reflect higher demand.

Dick Bond, Tyson's president and chief executive, has already called on Washington to recognise the competing claims of the food and energy sectors when drawing up a proposed new farm bill. "If left unaddressed, the bigger long-term issue will be the availability of US and global grain for protein and other foods," he said on Monday.

"We fully support efforts toward renewable energy; however, as the food-versus-fuel debate unfolds, we must carefully consider the negative and unintended consequences of over-using grains."..............
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SC36

Wizard 616January 29, 2007 10:52PM

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Wizard 457January 30, 2007 10:22PM

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Wizard 403January 30, 2007 10:54PM

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Wizard 388January 31, 2007 10:31PM

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Paul P. 372February 01, 2007 09:48AM

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Wizard 358February 03, 2007 02:25PM

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Wizard 404February 06, 2007 08:29PM

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Wizard 452February 06, 2007 09:04PM

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Wizard 432February 06, 2007 09:32PM

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Wizard 395February 06, 2007 10:19PM

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Wizard 412February 06, 2007 10:55PM

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Wizard 407February 09, 2007 09:08PM

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Wizard 372February 10, 2007 08:16PM

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Wizard 408February 11, 2007 10:05AM

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Wizard 400February 11, 2007 10:17AM

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Wizard 359February 11, 2007 10:36AM

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Wizard 407February 11, 2007 10:59AM

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Wizard 394February 11, 2007 11:58AM

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Wizard 434February 11, 2007 02:10PM

Hydrogen Energy costs too much?

Rick 453February 12, 2007 07:11PM

Re: Hydrogen Energy costs too much?

mojavegreen 771February 13, 2007 11:32AM



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