“Food Versus Fuel” Debate Dead
Posted: October 29, 2008
More and more, the food “versus” fuel debate is being proved for the lie it was. There never was a strong connection between ethanol demand and retail food prices. Here are a few more obituaries, if you will, for this discussion.
Sen. Charles Grassley to Grocery Manufacturers Association, via FoodPriceTruth.org:
“While food processors were willing and able to immediately blame ethanol and rising corn prices for having to increase retail food prices, they won’t be extending the same courtesy by lowering those prices with lower corn and oil prices.”
“… those who blamed biofuels for pushing up prices of major grains made a problematic mistake. The more cautious (and often less noisy) experts – like the Wageningen University’s agrocommodity specialists – were correct, when they said biofuels played a ‘marginal’ role at best.”
And, yes, the Reuters story noted below.
Nothing further to see here, folks … let’s move along, please …
