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Is ethanol production and corn use driving up consumer food prices?

April 26, 2017consumer Corn driving ethanol food prices production

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Is ethanol production and corn use driving up consumer food prices?

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The following table outlines that between January 2006 and March 2007 when the price of #2 yellow corn went from $1.98 $3.76 per bushel (USDA figures) the aggregate increase in the items listed below rose only 2.1%, this is below the 25 year average of 2.9%.