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Ethanol found not guilty in skyrocketing food prices
One year ago, ethanol was struggling in the court of public opinion. Starving children in Africa were blamed on the diversion of corn from food to fuel, and the Grocery Manufacturers Association released a statement saying federal food-to-fuel mandates had led to more than one-quarter of the nation’s corn to be diverted from food to ethanol production, driving up the price of corn and other commodities to historic highs.
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