Post Tagged with: "soybeans"

August 9, 2012 06:45

Suicidal fuel – corn ethanol driving up world food prices in drought

“Here in the U.S., biofuel uses probably 30 percent of U.S. corn. And considering [the] very high maize price right now, it would be very wise to stop using maize or corn for biofuel production. The U.S. right now has a mandate for ethanol content in fuel. I think it should be very, very wise for [the] U.S. to stop doing that. And Europe should also stop doing that as well,”