I'd agree with you, Jim If any food type is being 'diverted' for ethanol production and the cost of that food price rises as a result, people are going to switch to other staples, thus causing an increase in demand and the resultant price hike.
Or, seen in a more simplistic way, land that was producing food is now producing ethanol - less land, less production, less supply for same demand, prices go up. Rui On 18/02/2008, Jim Devine <[EMAIL PROTECTED]> wrote: > > is that "peak food" or a run-up of food prices due to the ethanol boom? > >
