Study: Corn ethanol may cost foodservice $3.2B a year

Study: Corn ethanol may cost foodservice $3.2B a year

A report from PricewaterhouseCoopers contends that the government's policy of using corn ethanol as a source of fuel is artificially inflating corn prices.

A new study commissioned by the National Council of Chain Restaurants found that the use of corn as a fuel source potentially could cost U.S. foodservice chains as much as $3.2 billion annually.

The report, which was conducted by PricewaterhouseCoopers, contends that the federal government’s policy of fostering the use of corn — the chief ingredient in U.S. livestock feed — as a source for ethanol in gasoline is artificially inflating corn prices and thereby dr

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