FOOD PRICE RISE MAY BE LASTING-NESTLE CHAIRMAN
FRANKFURT, Jan 25 (Reuters) - A "worrisome" rise in world food prices may be long-lived, the chairman of Nestle, the world's biggest food group, told a German newspaper.
"The financial and economic crisis in 2008 put an abrupt end to price rises. I am afraid that this time the rise could be lasting," Peter Brabeck told the Frankfurter Allgemeine Zeitung in an interview released on the paper's Internet site ahead of publication on Wednesday.
U.S. SENATORS EYE BILL TO HELP BOOST ETHANOL USE
WASHINGTON, Jan 25 (Reuters) - A bipartisan group of senior farm-state senators planned to introduce a bill on Tuesday that would put more ethanol-fueled vehicles on America's highways and provide government aid for pipelines and pumps to dispense the biofuel.
The legislation comes as the Obama administration said it wants to boost the amount of ethanol in gasoline by 50 percent for cars and trucks built in the last decade -- a goal constrained by a lack of infrastructure for handling the corn-based additive.
HIGH QUALITY OF US CORN TO YIELD MORE ETHANOL-EXEC
WASHINGTON, Jan 21 (Reuters) - The higher quality of the U.S. corn crop could yield more ethanol per bushel and divert less of the crop to biofuels, which could raise tight ending stocks by 20 percent, said a biofuels executive on Friday.
End stocks for 2010/11 are estimated by the Agriculture Department at 745 million bushels, the smallest in 15 years due to strong export and domestic demand. USDA estimates 4.9 billion bushels of the 2010 corn crop, or 39 percent, will be used in making ethanol.
US OKAYS ETHANOL BOOST FOR MORE CARS
WASHINGTON, Jan 21 (Reuters) - U.S. regulators on Friday backed a request that would sharply boost the use of corn-based ethanol in more than half the nation's cars, elevating the stakes in a contentious debate over the safety and cost of converting more corn into fuel.
The U.S. Environmental Protection Agency's announcement boosting the ethanol blend rate in gasoline to 15 percent from 10 percent in vehicles built from 2001 to 2006 was not a surprise, coming just months after it allowed so-called E15 in cars and trucks built in 2007 or later.
BIOFUEL JATROPHA FALLS FROM WONDER-CROP PEDESTAL
BRUSSELS, Jan 21 (Reuters) - Jatropha, a biofuel-producing plant once touted as a wonder-crop, is turning out to be much less dependable than first thought, both environmentalists and industry players say.
Some biofuel producers found themselves agreeing with many of the criticisms detailed in a report launched by campaign group Friends of the Earth this week -- "Jatropha: money doesn't grow on trees".
US EPA OKS E15 GASOLINE FOR CARS MADE SINCE 2001
WASHINGTON, Jan 21 (Reuters) - The U.S. Environmental Protection Agency said on Friday it would allow cars and trucks built in the last decade to run on gasoline with a higher blend of ethanol.
The agency approved gasoline containing up to 15 percent ethanol for use in vehicles built from 2001 to 2006. Most gasoline now has up to 10 percent ethanol.
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