Friday, October 12, 2012

US corn ethanol cost poor nations $6.6 bln - study - AlertNet

Growing use of U.S.-produced corn for biofuel has added $6.6 billion to the food import bills of developing countries over the past six years, highlighting the need to rethink energy policies that are making food more expensive for poor people, says new research.

The amount of U.S. maize that goes into ethanol equals around 15 percent of global corn production, and in recent years this has contributed to rising food prices around the world, says the study from Tufts University in Massachusetts.

US corn ethanol cost poor nations $6.6 bln - study - AlertNet