Does more ethanol in the form of E15 mean there will be more corn used for ethanol and less for food?
No. PR attacks launched against corn ethanol misled the public that corn ethanol was contributing to food prices. But the facts are that high energy costs are the main reason for food price hikes. Moreover, corn prices and oil prices have dropped by 50 percent since the summer of 2008, yet food manufacturers have kept food prices high. ACE is calling upon Congress to hold hearings to investigate why the members of the Grocery Manufacturers Association insist on keeping food prices high, despite the fact that ingredient costs have fallen by 50 percent or more.
