Browsing All Posts published on »June 14th, 2007«

Food prices rise as use of corn-based fuel ethanol increases

June 14, 2007

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According to the UN Food and Agriculture Organization (UNFAO), the combined international cost of food is expected to increase 5% over last year, and the bulk of that cost is due to an expected 13% increase in the price of grains and vegetable oils. And the reason those grains and oils are getting expensive is […]