- US accepts Seoul's decision to stop beef imports if mad cow disease is found
- Knight: COOL Will be Implemented During 2008
- Kansas Farm Income Showed Steep Gains in 07
- Winter wheat matures slower than normal with cool spring
- U.S. Pork and Beef Exports Continue Expansion
- Senate to Focus on Controlling Energy Prices
- A New WTO Ag Text is Imminent
- Census Information Still Sought
- Tight Supplies, Strong Demand Continue
- New farm bill seen adding fodder for trade feud
- White House Against Farm Bill
- Favorable Reaction Expressed by Many
- USDA Crop Forecast Issued
- World Supply and Demand Estimates Released
- USDA Releases World Numbers for Livestock, Poultry and Dairy
- Scottsbluff FFA Annual Banquet
- Congress showing more understanding of bad consequences of horse slaughter ban
- Immigration arrests at Iowa meat plant top 300
- Sweet sorghum promoted as smart biofuel
- US senator eyes deal to help pass Colombia pact
- WTO chief says trade deal still possible in 2008
- U.S. sees record world food crops easing crisis
- US Republicans press Pelosi for Colombia pact vote
- South Korea kills all poultry in capitol
- Farrowing Basics School Offered June 17-18 at UNL
- Two UNL Extension Organic Farm Tours Offered June 17 or 18
- Brazil to ease farm debt repayment to raise output
- Argentine farmers turn to governors in tax conflict
- Be Sure to Stay on Top of Bt Corn Hybrid Requirements This Planting Season
- Wis. remains tops in cheese
MEXICO CITY, May 7 (Reuters) - The United States should consider spiraling food prices that hurt the world's poor when it sets policies that are funneling much of its corn crop into biofuel production, the World Bank said on Wednesday.
Global food prices for staples like wheat and rice have surged in recent years, causing hunger, riots and hoarding in poor countries. The trend is typically blamed on a combination of factors like higher food consumption in fast growing economies like China, and on bad weather that has hit crops.
But a global push to ramp up ethanol production is also seen pushing prices higher, and World Bank President Robert Zoellick said the United States should take this into account.
"The country has to assess the effect of that on the overall set of humanitarian issues in terms of the price of food products," Zoellick told a news conference in Mexico City.
The U.S. government says corn-based ethanol, which can be used as a substitute for gasoline, can help reduce U.S. dependence on oil from unstable countries.
The U.S. Congress last year passed legislation that would require the country's gasoline supply to include 36 billion gallons of renewable fuels by 2022. At the moment, more than a quarter of the U.S. corn crop is turned into biofuel.
President George W. Bush said last week he still supports the U.S. ethanol push and that the U.S. ethanol industry is responsible for only a small part of food inflation.
But Zoellick urged more discussion on the subject. "The biofuel issue is one worthy of analysis and debate," he said.
The World Bank last week pledged along with U.N. agencies to set up a task force to tackle soaring global food prices.
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