Biofuels: VeraSun CEO Endres gives industry perspective on rising food prices, talks falling ethanol stocks

As the international community struggles to address the global food crisis and identify the leading causes for rising food prices, the ethanol industry points to population growth, growing demand, and rising oil prices as the main reasons for rising food costs. During today's OnPoint, Donald Endres, CEO of VeraSun Energy, responds to reports that biofuels are to blame for rising food prices. He explains why he believes ethanol shares have fallen, despite the surging price of oil and addresses the debate over whether the ethanol import tariff should be removed at the end of this year. Endres also discusses his company's production capacity goals for 2008.