You Heard it Here First (Again): Will Wyden Now go After Big Grocery?

July 16, 2007

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Ethanol is creating higher prices for groceries part two:

What’s the connection between ethanol, the biofuel produced from corn, and a cherry vanilla ice-cream?

Answer: the first is responsible for pushing up the price of the other.

This month, the price of milk in the United States surged to a near-record in part because of the increasing costs of feeding a dairy herd. The corn feed used to feed cattle has almost doubled in price in a year as demand has grown for the grain to produce ethanol.

The rest of the story here.

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