Food v Fuel Taken Up in New York Times
Posted: December 18, 2007
If you haven’t seen today’s New York Times, the article “Food and Fuel Compete for Land” by Andrew Martin, is worth considering. Martin quotes the usual foes of an increased renewable fuels standard–the Grocery Manufacturers Association, the head lobbyist for National Cattlemen’s Beef Association and others–but he also cites some studies that disprove skeptics’ assertions that the bulk of food price increases are due to corn prices.
The article notes:
Experts with no stake in the argument say ethanol has indeed contributed to rising food costs, but that is only one among several factors. Higher fuel costs are driving up the expense of growing and transporting food. And strong economic growth abroad is increasing demand for agricultural commodities, allowing once-destitute people to augment their diets with meat and dairy.
Also worth reading:
Ferris: Biofuels Will Boost Prices on Food
m v krishna rao Said,
December 19, 2007 @ 5:34 am
iINDIA IS IMPORTING WHEAT FROM WORLD.SO WHEAT PRICESS HAVE GONE UP INTERNATIONALLY.USA DOLLAR WHICH IS WORLD CURRENCY DEPRICIATED DRASTICALLY AGAINST EURO .OPEC OIL CARTEL HELPED TO INCREASE THE OIL PRICE ABNORMALLY.ALL COMMODITIES SUCH AS GOLD, NICKEL COPPER INCREASED GLOBALLY. MANY FACTORS ARE CONTRIBUTING TO INCREASE PRICESS NOT ONLY FOR FOOD ITEMS BUT ALL NON FOOD ITEMS AS WELL. IF USA IS NOT PRODUCING ETHANOL THE OIL PRICE MIGHT HAVE INCREASED TO USDOLLARS 125 PER BARREL BY THIS TIME. SO INCREASE SUPPLY OF ITEMS AND REDUCE OR POSTPHONE DEMAND .
m v krishna rao Said,
December 20, 2007 @ 4:25 am
INDIA IS IMPORTING EDIBLE OIL,WHEAT, YELLOWPEAS.OTHER ASIAN COUNTRIES ARE IMPORTING YELLOW CORN. ETC. THE PRICES OF AGRI COMMODITIES FOR ASIAN IMPORTERS ARE VERY HIGH.THE YELLOW CORN PRICESS IN USA IS JUST THE REAL PRICE. THE USA CONSUMERS OF AGRI COMMODITIES ARE LUCKY AS THEY PRODUCE MORE AND SUPPLY TO THE WORLD
THE REAL PRICE OF CRUDE OIL PRICE SHOULD BE 60 US DOLLARS.PER BARREL. IT IS THE OIL PRICE WHICH IS EATING WORLD POPULATION. WORLD MAJOR OIL CONSUMERS SUCH AS USA, CHINA, INDIA, AND EU SHOULD FORM OIL CONSUMERS CARTEL TO HANDLE OPEC CARTEL