News International Sugar Journal

US – climate change, biofuels mandate and corn price hikes [Registered]

A study from Purdue and Stanford university researchers predicts that future climate scenarios may cause significantly greater volatility in corn prices in US, which would be intensified by the federal biofuels mandate. The findings, published in the journal Nature Climate Change, show that severely hot conditions in corn-growing regions and extreme climate events that are expected to impact supply would cause swings in corn prices. When coupled with federal mandates for biofuel production, the price volatility could increase by about 50% over the period from 2020-2040 as compared to recent history. “There could be quite a substantial increase in yield…

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