07 Jan '13, 6pm

Don’t Believe Everything You Read. Fact check on NYT’s Guatemala Corn/Ethanol Story via @zite

Posted on: January 07, 2013 in Corn , Corn prices , Ethanol “Don’t believe everything you read.” Never have truer words been spoken. Here is a fact check of the January 6th New York Times article “As Biofuel Demand Grows, So Do Guatemala’s Hunger Pangs” by Elisabeth Rosenthal: NYT: In the tiny tortillerias of this city, people complain ceaselessly about the high price of corn. Just three years ago, one quetzal — about 15 cents — bought eight tortillas; today it buys only four. And eggs have tripled in price because chickens eat corn feed. Tortillas in Guatemala are made from white corn, while U.S. ethanol is produced from No. 2 yellow corn. Very little white corn is grown in the U.S., but acres dedicated to white corn have not been reduced since passage of the RFS. These two types of corn have distinctly different global markets, demand drivers, and price pressures. It is ...

Full article: http://www.ethanolrfa.org/exchange/entry/dont-believe-eve...

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Don’t Believe Everything You Read. Fact check o...

ethanolrfa.org 07 Jan '13, 6pm

Posted on: January 07, 2013 in Corn , Corn prices , Ethanol “Don’t believe everything you read.” Never have truer words be...

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