andrew schneider investigates

March 2, 2008

Seeking more gas. but beans cost more.

Filed under: Food - good, bad, weird,Sustainable food — Andrew Schneider @ 19:57

Those down under are paying more for beans.

Officials of Heinz Australia blames is blaming U.S. and Canadian farmers for its decision to put up the price of baked beans by 5 percent.

The company sources all its navy beans for canning from North America, but many bean farmers here are switching to corn growing to meet the huge demand for ethanol.

The result was a rise of 29 percent in the price of beans in the U.S. and Canada last year, according to Bean plantings have plummeted by almost half as farmers cash in on corn prices, which have jumped 200 percent as the U.S. government subsidizes ethanol as a gasoline substitute.

Australians eat 116 million cans of baked beans a year. Heinz needs 65,000 tons of navy beans a year to meet demand.


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