NECSI report warns that drought and ethanol mandates may drive food prices to record highs

August 6, 2012 |

In Massachusetts, New England Complex Systems Institute (NECSI) has issued a report warning that food prices may skyrocket this year because of the drought coupled with ethanol mandates across the globe. The report indicated that food prices may rise to the heights seen in 2008, when food riots broke out across the globe. “Reducing the amount of corn that is being converted to ethanol may address the immediate crisis,” concluded NECSI.

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Category: Research

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