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Updated on June 18, 2007
1. Corn News: Energy Prices, Not Corn, Chief Reason for Rising Food Prices: Study According to the study, "Increasing petroleum prices have about twice the impact on consumer food prices as equivalent increases in corn prices. Washington, DC - Ethanol critics and many in the media charge that the rising price of corn due to growing ethanol demand is the major culprit for moderately rising consumer food prices. The report goes on to find, "Corn and energy prices both affect consumer food prices. Energy prices, not ethanol, are responsible for much of the increase in the...
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2. Corn News: Polish farmers choose asparagus, broccoli and sweet corn for potato During the recent three years the acreage of bell pepper and broccoli has grown 60%, sweet corn acreage has increased 40%, asparagus bean acreage has been extended 20% Polish farmers choose asparagus, broccoli and sweet corn for potato The site eBronisze. However, the production volumes of these crops have not been comparable yet with the production volumes of sweet corn and broccoli in Poland. At the same time, asparagus cultivation areas have doubled in the recent 10 years in Poland;...
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3. Corn News: Are energy prices really fueling food prices? The production of ethanol does not translate into less grain available for food, because farmers do not grow more or less corn based on ethanol production. Second, much of this year s food inflation did not come from ethanol because most grocery prices are unaffected by corn prices. Lastly, in food products that contain corn including corn fed to livestock the price of corn is a small fraction of the overall consumer price. Are energy prices really fueling food prices? Bored by reporting...
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4. Corn News: Higher grain demand helps increase food prices However, rising energy costs have had a more significant impact on consumer food prices than corn diverted to ethanol production, according to a recent analysis by John Urbanchuk of LECG, an Emeryville, Calif. The analysis found that a 33 percent rise in crude oil increases food prices by 0.6 to 0.9 percent as measured by the consumer price index. He said higher fuel costs also affect food processing and transportation to market and contribute to higher prices. He said food prices are...
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5. Corn News: Growth of ethanol industry likely to boost competition for corn However, the higher corn prices may be negative for some of the livestock producers that will have to bid for corn against ethanol plants and foreign exports. Generally, the growth of the ethanol industry likely will reduce the amount of corn available for exports or livestock feed. In a short crop year, the potential is for very strong corn prices as ethanol plants and other corn-dependent industries bid for limited stocks. The question for the industry is how many more acres will switch...
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6. Corn News: Drought dogs Kentucky farmers The lack of serious rain in Kentucky has farmers worried about their crops and water systems in danger of running short. Now my grain crops, that's a different story. Hornback, who also is a grain and tobacco grower, said the tobacco -- except for plants set recently -- is OK for now. I think the yield's hurt considerably on grain crops already. Without considerable rain in the next three weeks, there could be significant grain crop losses, he said. A late freeze set back hay and pastures,...
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