What Happened To Ethanol
19 11 2007It was not long ago that everybody was taking about the impact of ethanol on the food chain as many farmers started to produce corn for ethanol production. It had an immediate impact on supplies and perhaps today we still hear about the impact it is having on the dfood supply. Will the food inflation from reduced acreage be short lived?
Todays article in Bloomberg is quite interesting and worth a read (Ethanol Bust Makes Loser of Bush, Gates, Archer Daniels Midland ). It seems nobody knows if the ethanol production is gain for energy or a loss for energy. What ever one thinks it looks like it is a loser for the moment.
Let’s hope to see lower food cost in the future.
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