Biodiesel To Drive Up The Price Of Cooking Oil
Read 52,454 TimesPosted Sep 12, 2006, 9:19 ET by Mike
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During a presentation at the ThinkEquity Partners Growth Conference in San Francisco, William Camp, executive vice president of Archer Daniels Midland, speculated that the popularity of biodiesel--made from vegetable matter instead of fossil fuels will tighten the supply of vegetable oils. Because agricultural prices typically fluctuate with supply levels, the vegetable oil shortage could cause food prices to rise.

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