Appetite for ethanol spurs food price inflation
BARRIE McKENNA
Globeand mail.com
Washington — It began with the Mexican tortilla crisis, and is now spreading to the price of everything from meat and milk to Coke.
North America’s love affair with ethanol — produced mainly from corn — is unleashing a surprising surge of inflation through the global food supply chain.
The U.S. Department of Agriculture warned yesterday that record high corn prices, caused in part by the crop’s diversion into ethanol production, is likely to produce a sudden drop in the supply of meat.
The Beef Blog 