Rising Corn Prices Ripple Through Food Industry

CHICAGO The increasing use of ethanol as an alternative fuel source is having a greater impact on food prices than many supermarket operators might think, according to Tim Hammonds, president and chief executive officer, Food Marketing Institute, at the FMI Show here last week. I think our industry is underestimating the impact of this, he said. We will reprice food because of this. Demand for corn

CHICAGO — The increasing use of ethanol as an alternative fuel source is having a greater impact on food prices than many supermarket operators might think, according to Tim Hammonds, president and chief executive officer, Food Marketing Institute, at the FMI Show here last week.

“I think our industry is underestimating the impact of this,” he said. “We will reprice food because of this.”

Demand for corn to be used in ethanol gasoline has driven up the price of the crop, which

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