How long before we end the idiotic ethanol subsidy?

Joel

At 08:20 AM 1/19/08 -0500, you wrote:
>What happens when you grow fuel rather than food.
>
>Jon
>
>==================================================================
>
>The New York Times
>January 19, 2008
>The Food Chain
>An Oil Quandary: Costly Fuel Means Costly Calories
>By KEITH BRADSHER
>
>KUANTAN, Malaysia -- Rising prices for cooking oil are forcing
>residents of Asia's largest slum, in Mumbai, India, to ration
>every drop. Bakeries in the United States are fretting over higher
>shortening costs. And here in Malaysia, brand-new factories built
>to convert vegetable oil into diesel sit idle, their owners unable
>to afford the raw material.
>
>This is the other oil shock. From India to Indiana, shortages and
>soaring prices for palm oil, soybean oil and many other types of
>vegetable oils are the latest, most striking example of a
>developing global problem: costly food.
>
>The food price index of the Food and Agriculture Organization of
>the United Nations, based on export prices for 60 internationally
>traded foodstuffs, climbed 37 percent last year. That was on top
>of a 14 percent increase in 2006, and the trend has accelerated
>this winter.
>
>In some poor countries, desperation is taking hold. Just in the
>last week, protests have erupted in Pakistan over wheat shortages,
>and in Indonesia over soybean shortages. Egypt has banned rice
>exports to keep food at home, and China has put price controls on
>cooking oil, grain, meat, milk and eggs.
>
>According to the F.A.O., food riots have erupted in recent months
>in Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and
>Yemen.
>
>"The urban poor, the rural landless and small and marginal farmers
>stand to lose," said He Changchui, the agency's chief
>representative for Asia and the Pacific.
>
>A startling change is unfolding in the world's food
>markets. Soaring fuel prices have altered the equation for growing
>food and transporting it across the globe. Huge demand for
>biofuels has created tension between using land to produce fuel
>and using it for food.
>
>A growing middle class in the developing world is demanding more
>protein, from pork and hamburgers to chicken and ice cream. And
>all this is happening even as global climate change may be
>starting to make it harder to grow food in some of the places best
>equipped to do so, like Australia.
>
>In the last few years, world demand for crops and meat has been
>rising sharply. It remains an open question how and when the
>supply will catch up. For the foreseeable future, that probably
>means higher prices at the grocery store and fatter paychecks for
>farmers of major crops like corn, wheat and soybeans.
>
>There may be worse inflation to come. Food experts say steep
>increases in commodity prices have not fully made their way to
>street stalls in the developing world or supermarkets in the West.
>
>Governments in many poor countries have tried to respond by
>stepping up food subsidies, imposing or tightening price controls,
>restricting exports and cutting food import duties.
>
>These temporary measures are already breaking down. Across
>Southeast Asia, for example, families have been hoarding palm
>oil. Smugglers have been bidding up prices as they move the oil
>from more subsidized markets, like Malaysia's, to less subsidized
>markets, like Singapore's.
>
>No category of food prices has risen as quickly this winter as
>so-called edible oils -- with sometimes tragic results. When a
>Carrefour store in Chongqing, China, announced a limited-time
>cooking oil promotion in November, a stampede of would-be buyers
>left 3 people dead and 31 injured.
>
>Cooking oil may seem a trifling expense in the West. But in the
>developing world, cooking oil is an important source of calories
>and represents one of the biggest cash outlays for poor families,
>which grow much of their own food but have to buy oil in which to
>cook it.
>
>Few crops illustrate the emerging problems in the global food
>chain as well as palm oil, a vital commodity in much of the world
>and particularly Asia. From jungles and street markets in
>Southeast Asia to food companies in the United States and
>biodiesel factories in Europe, soaring prices for the oil are
>drawing environmentalists, energy companies, consumers, indigenous
>peoples and governments into acrimonious disputes.
>
>The oil palm is a stout-trunked tree with a spray of frilly fronds
>at the top that make it look like an enormous sea anemone. The
>trees, with their distinctive, star-like patterns of leaves, cover
>an eighth of the entire land area of Malaysia and even greater
>acreage in nearby Indonesia.
>
>An Efficient Producer
>
>The palm is a highly efficient producer of vegetable oil, squeezed
>from the tree's thick bunches of plum-size bright red fruit. An
>acre of oil palms yields as much oil as eight acres of soybeans,
>the main rival for oil palms; rapeseed, used to make canola oil,
>is a distant third. Among major crops, only sugar cane comes close
>to rivaling oil palms in calories of human food per acre.
>
>Palm oil prices have jumped nearly 70 percent in the last year
>because supply has grown slowly while demand has soared.
>
>Farmers and plantation companies are responding to the higher
>prices, clearing hundreds of thousands of acres of tropical forest
>to replant with rows of oil palms. But an oil palm takes eight
>years to reach full production. A drought last year in Indonesia
>and flooding in Peninsular Malaysia helped constrain
>supply. Worldwide palm oil output climbed just 2.7 percent last
>year, to 42.1 million tons.
>
>At the same time, palm oil demand is growing steeply for a variety
>of reasons around the globe. They include shifting decisions among
>farmers about what to plant, rising consumer demand in China and
>India for edible oils, and Western subsidies for biofuel
>production.
>
>American farmers have been planting more corn and less soy because
>demand for corn-based ethanol has pushed up corn prices. American
>soybean acreage plunged 19 percent last year, producing a drop in
>soybean oil output and inventories.
>
>Chinese farmers also cut back soybean acreage last year, as urban
>sprawl covered prime farmland and the Chinese government provided
>more incentives for grain.
>
>Yet people in China are also consuming more oils. China not only
>was the world's biggest palm oil importer last year, holding
>steady at 5.2 million tons in the first 11 months of the year, but
>it also doubled its soybean oil imports to 2.9 million tons,
>forcing buyers elsewhere to switch to palm oil.
>
>Concerns about nutrition used to hurt palm oil sales, but they are
>now starting to help. The oil was long regarded in the West as
>unhealthy, but it has become an attractive option to replace the
>chemically altered fats known as trans fats, which have lately
>come to be seen as the least healthy of all fats.
>
>New York City banned trans fats in frying at food service
>establishments last summer and will ban them in bakery goods this
>summer. Across the country, manufacturers are trying to replace
>trans fats. American palm oil imports nearly doubled in the first
>11 months of last year, rising by 200,000 tons.
>
>"Four years ago, when this whole no-trans issue started, we
>processed no palm here," said Mark Weyland, a United States
>product manager for Loders Croklaan, a Dutch company that supplies
>palm oil. "Now it's our biggest seller."
>
>Last year, conversion of palm oil into fuel was a fast-growing
>source of demand, but in recent weeks, rising prices have thrown
>that business into turmoil.
>
>Here on Malaysia's eastern shore, a series of 45-foot-high green
>and gray storage tanks connect to a labyrinth of yellow and silver
>pipes. The gleaming new refinery has the capacity to turn 116,000
>tons a year of palm oil into 110,000 tons of a fuel called
>biodiesel, as well as valuable byproducts like glycerin. Mission
>Biofuels, an Australian company, finished the refinery last month
>and is working on an even larger factory next door at the base of
>a jungle hillside.
>
>But prices have spiked so much that the company cannot cover all
>its costs and has idled the finished refinery while looking for a
>new strategy, such as asking a biodiesel buyer to pay a price
>linked to palm oil costs, and someday switching from palm oil to
>jatropha, a roadside weed.
>
>"We took a view that palm oil prices were already high; we didn't
>think they could go even higher, and then they did," said Nathan
>Mahalingam, the company's managing director.
>
>Growth in Biofuels
>
>Biofuels accounted for almost half the increase in worldwide
>demand for vegetable oils last year, and represented 7 percent of
>total consumption of the oils, according to Oil World, a
>forecasting service in Hamburg, Germany.
>
>The growth of biodiesel, which can be mixed with regular diesel,
>has been controversial, not only because it competes with food
>uses of oil but also because of environmental concerns. European
>conservation groups have been warning that tropical forests are
>being leveled to make way for oil palm plantations, destroying
>habitat for orangutans and Sumatran rhinoceroses while also
>releasing greenhouse gases.
>
>The European Union has moved to restrict imports of palm oil grown
>in unsustainable ways. The measure has incensed the Malaysian palm
>oil industry, which had plunged into biofuel production in part to
>satisfy European demand.
>
>Another controversy involves the treatment of indigenous peoples
>whose lands have been seized by oil plantations. This has been a
>particular issue on Borneo.
>
>Anne B. Lasimbang, executive director of the Pacos Trust in the
>Malaysian state of Sabah in northern Borneo, said that while some
>indigenous people had benefited from selling palm oil that they
>grow themselves, many had lost ancestral lands with little to show
>for it, including lands that used to provide habitats for
>endangered orangutans.
>
>"Finally, some of the pressures internationally have trickled
>down. Some of the companies are more open to dialogue; they want
>to talk to communities," said Ms. Lasimbang, a member of the Dusun
>indigenous group. "On our side, we are still suspicious."
>
>Demand Outstrips Supply
>
>As the multiple conflicts and economic pressures associated with
>palm oil play out in the global economy, the bottom line seems to
>be that the world wants more of the oil than it can get.
>
>Even in Malaysia, the center of the global palm oil industry for
>half a century, spot shortages have cropped up. Recently, as
>wholesale prices soared, cooking oil refiners complained of
>inadequate subsidies and cut back production of household oil,
>sold at low, regulated prices.
>
>Street vendors in the capital, Kuala Lumpur, complain that they
>cannot find enough cooking oil to prepare roti canai, the
>flatbread that is the national snack. "It's very difficult; it's
>hard to find," said one vendor who gave only his first name,
>Palani, after admitting that he was secretly buying cooking oil
>intended for households instead of paying the much higher price
>for commercial use.
>
>Many of the hardest-hit victims of rising food prices are in the
>vast slums that surround cities in poorer Asian nations. The Kawle
>family in Mumbai's sprawling Dharavi slum, a household of nine
>with just one member working as a laborer for $60 a month, is
>coping with recent price increases for palm oil.
>
>The family has responded by eating fish once a week instead of
>twice, seldom cooking vegetables and cutting its monthly rice
>consumption. Next to go will be the weekly smidgen of lamb.
>
>"If the prices go up again," said Janaron Kawle, the family
>patriarch, "we'll cut the mutton to twice a month and use less
>oil."
>
>--
>
>Contributing reporting were Andrew Martin in New York, Anand
>Giridharadas in Kale, India, and Michael Rubenstein in Mumbai.
>
>
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