NewsMine — cabal-elite — corporate — energy — Viewing Item

Ethanol demand pushing up food prices { July 18 2007 } Original Source Link: (May no longer be active)    http://www.freep.com/apps/pbcs.dll/article?AID=/20070718/BUSINESS07/70718023 http://www.freep.com/apps/pbcs.dll/article?AID=/20070718/BUSINESS07/70718023 Ethanol demand pushing up food prices July 18, 2007 BY ALEJANDRO BODIPO-MEMBA FREE PRESS BUSINESS WRITER Higher food prices, in part due to greater demand for ethanol, helped push the U.S. Consumer Price Index up 0.2% in June. The U.S. Labor Department said food prices increased 0.5% last month, after having increased 0.3% in May. Milk prices, which were up 3.5% in June, have jumped nearly 10% since the beginning of the year, as a result of higher corn prices, according to some experts. Up to 20% of the nation's corn crop is being used for the production of ethanol-blended fuel, in an effort to decrease the nation's dependence on foreign oil. Meanwhile, energy prices actually fell by 0.5% in June, after shooting up 5.4% in May. Core CPI, which is consumer prices excluding the volatile energy and food segments, increased 0.2% in June. Contact ALEJANRO BODIPO-MEMBA at 313-222-5008 or abodipo@freepress.com. Copyright © 2007 Detroit Free Press Inc.

Biofuels doubles prices of corn and wheat { May 18 2007 } Coal company has colombian union leaders killed { May 19 2006 } Energy industry dirty { October 20 2002 } Ethanol demand pushing up food prices { July 18 2007 } Regulators dispute energy firm contracts { June 26 2003 } Safety issues investigated in coal mines after tragedy { January 5 2006 } US coal company hires militia to kill union leaders Files Listed: 7

Correction/submissions

CIA FOIA Archive

National Security Archives

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information, go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purpose of your own that go beyond 'fair use', you must obtain permission from the copyright owner.