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Biofuels and Their Impact on Food Prices

Biofuels and Their Impact on Food Prices

Full Title:  Biofuels and Their Impact on Food Prices
Author(s): Corinne Alexander and Chris Hurt
Publisher(s):  Purdue University
Publication Date: September 1, 2007
Full Text: Download Resource
Description (excerpt):

This report argues that consumer food prices can eventually be expected to rise as these higher crop prices are passed through the food system. How quickly varies by food item. Changes in the price of wheat are quickly passed to flour prices, which then more slowly are reflected in bread and bakery products. Changes in soybean oil prices are quickly passed to food processors who make salad dressings, cooking oils, and margarine. However, those food manufactures may be slower to reflect these price changes to grocery stores.

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