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How do lower corn prices prove that ethanol isn the cause of the food price hike?

April 26, 2017cause Corn ethanol food hike lower price prices prove

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How do lower corn prices prove that ethanol isn the cause of the food price hike?

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Consumer food prices have skyrocketed, but corn has actually fallen in price worldwide. If the price of corn and the price of food were strongly correlated, they would both be up at the same time. They’re not. Because of this, the amount of corn used for ethanol will probably never be large enough to noticeably raise food prices.