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US to cut food aid to poorest nations due to ethanol caused 41% increase in cost of grain. Ta dah!

"THE US will drastically reduce emergency food aid to some of the poorest countries this year due to soaring food prices, The Washington Post reports today.
Citing unnamed officials, the newspaper said the US Agency for International Development (USAID) was drafting plans to cut down the number of recipient nations and the amount of food provided to them.
A 41 per cent surge in prices of wheat, corn, rice and other cereals over the past six months has generated a $US120 million ($126.5 million) budget shortfall that will force the USAID to reduce emergency operations, the report said. " LINK

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