Financial Times FT.com

Tyson chief cautions on impact of rise in grain prices

By Doug Cameron in Chicago and Eoin Callan in Washington

Published: November 14 2006 02:00 | Last updated: November 14 2006 02:00

Tyson, the world's largest protein producer, warned yesterday that ethanol-driven corn prices would push up the cost of beef and chicken for US consumers.

Corn prices have already hit record highs in spite of two good harvests, fuelling fears that ethanol will squeeze out the availability of grain for animal feeds.

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