|
Support nonprofit, independent environmental journalism.
|
|
 Stories About: agriculture AND biofuels AND Brazil AND business AND ethanol AND food AND industrial ag
| Headline |
Author |
Published |
Section |
ADM, high-fructose corn syrup, and ethanol
A speculation about why ADM's HFCS business is booming. |
Tom Philpott |
10 May 2006 |
Gristmill |
| In the first quarter of 2006, as I reported yesterday, Archer Daniels Midland somehow managed to boost the price of high-fructose corn syrup (HFCS) despite mounting concern over the sweetener's health effects. The company booked a cool $113 million profit from HFCS over the quarter, more than three times more than it netted in the same period a year before ($33 million). This, despite a slowing domestic market for sweet soft drinks, as consumers increasingly switch to j ... |
|
| Topics: agriculture, biofuels, Brazil, business, ethanol, food, industrial ag (all these topics) |
|
|
|
|
©2008. Grist Magazine, Inc. All rights reserved. Gloom and doom with a sense of humor®.