ETHANOL POLICY. “In the past six years, since U.S. ethanol mandate became law, 123 million new acres around the world have gone into production. Most of those acres were in China, India, Africa, and South America. This is one of the ripple effects of the new demand and consequent higher prices created by biofuels policies.” 40% of corn goes into ethanol, 20% for animal feed, and 13% exported. The rest is for food (and drink). ”
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” http://lnkd.in/cFaBdc
linkedin post 2022-06-29 05:12:48
Nigel Fleming
September 21, 2022