July 23, 2008
Bangkok - The price of the domestic corn raw material soared 35% during January-July compared to the same period last year, while the world’s corn price hiked 56.5% in the first seven months of this year.
Worldwide countries have tried to deal with the energy crisis in the past few years as energy prices keep skyrocketing.
Alternative energy is made from plants such as corn, soybeans, tapiocas and so on.
The number of plant growing land is extensively increased in many countries.
As a result, the prices of raw material plants go up in line with oil prices, according to CP Group.
World’s corn price rose 85.4% in July, 2008.
The business sector will have to adjust in terms of using these energy plants to feed animals.
