date:Jul 28, 2012
s and prices by taking steps to ease the pressure and help prevent food inflation, Mr. Pope said.
A waiver would ease requirements that refiners blend ethanol with gasoline. Livestock producers argue the mandate props up corn demand regardless of how high corn prices climb, artificially inflating the market.
Mr. Pope also said he supported a bipartisan bill that would automatically reduce the ethanol mandate when corn stockpiles, as a percentage of total usage, fall below a certain level. The