Wednesday, August 8, 2012

Cargill CEO calls for Corn Rationing

From the Chicago Tribune, discussing the government ethanol mandates:
"If all of that (demand rationing) is only on livestock or food consumers, it really makes the burden disproportionate. What we see are 3 or 4 percent declines in supply lead to 40 to 50 percent increases in prices, and I think the mandates are what drives that price elasticity which I think needs to be addressed,"

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