Have biofuels raised food prices by 75%?
The New Republic
by Suzy Khimm
The Guardian says they have a leaked report from the World Bank that biofuels are responsible for 75% of the recent rise in food prices …. The study’s figures contrast sharply with the USDA’s assertion that biofuels only account for some 3% of the price hikes. But according to the Guardian’s description of the study, biofuels have distorted food markets by: 1) Diverting grain away from fuel; 2) Incentivizing farmers to devote land for biofuel production; and 3) Sparking financial speculation in grain markets. But though the report was finalized in April, the World Bank has yet to release the findings...
http://tinyurl.com/5rh4b2
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=biofuels
http://freepage.twoday.net/search?q=food+price
http://freepage.twoday.net/search?q=World+Bank
http://freepage.twoday.net/search?q=USDA
http://freepage.twoday.net/search?q=speculation
by Suzy Khimm
The Guardian says they have a leaked report from the World Bank that biofuels are responsible for 75% of the recent rise in food prices …. The study’s figures contrast sharply with the USDA’s assertion that biofuels only account for some 3% of the price hikes. But according to the Guardian’s description of the study, biofuels have distorted food markets by: 1) Diverting grain away from fuel; 2) Incentivizing farmers to devote land for biofuel production; and 3) Sparking financial speculation in grain markets. But though the report was finalized in April, the World Bank has yet to release the findings...
http://tinyurl.com/5rh4b2
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=biofuels
http://freepage.twoday.net/search?q=food+price
http://freepage.twoday.net/search?q=World+Bank
http://freepage.twoday.net/search?q=USDA
http://freepage.twoday.net/search?q=speculation
rudkla - 9. Jul, 10:33
