CHICAGO — The increasing use of ethanol as an alternative fuel source is having a greater impact on food prices than many supermarket operators might think, according to Tim Hammonds, president and chief executive officer, Food Marketing Institute, at the FMI Show here last week. “I think our industry is underestimating the impact of this,” he said. “We will reprice food because of this.” Demand for corn to be used in ethanol gasoline has driven up the price of the crop, which is used in a ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.