Pork more important than ethanol in China
CHINA - In China the authorities may move to ban the production of corn-based ethanol to literally continue feeding the trough.
13 June 2007
2 minute read
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With the authorities worried by food-driven inflation, particularly a sharp climb in pork prices, word leaked from an energy conference held in Beijing over the weekend that the central government has decided to cease issuing licenses for producing corn-based ethanol, an environmentally friendly substitute for gasoline.
"Food-based ethanol fuel will not be the direction for China," said Xu Dingming, vice director of the Office of the National Energy Leading Group, according to the People's Daily.
Source: Farmnews
