NewsWhore
01-10-2007, 04:50 PM
The use of wheat to generate ethanol fuel may well foretell an increase in prices for local wheat products for human and animal consumption. Recently, wheat prices increased 40% compared to 2005 prices. There are five major wheat importers in the Dominican Republic, and they import approximately 350,000 metric tons per year. According to the United States Department of Agriculture and industry sources, both wheat sales and wheat exports are down by over 20% per week, down from an average of 2.8 million tons of wheat exported each week. For the 2006-2007 period an average weekly export level is set at 2.2 million tons.
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More... (http://www.dr1.com/index.html#11)