GFM Network News

Glencore director says corn use in biofuel questionable

Adirector of commodity trading giant Glencore is questioning the conversion of corn into ethanol biofuel, saying it can contribute to higher prices. Critics of using foodstuffs to make fuel say the process can drive up food prices by reducing available supplies, hitting the world’s poorest people hardest. Responding to a question in a panel discussion […] Read more