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Biofuels Behind World Food Crisis - World Bank
Posted on July 04, 2008
Image by Flickr user Peter CasierBiofuels are responsible for a 75 percent increase in world food prices according to the findings of a World Bank report published in The Guardian newspaper on Friday. The bank said concern over climate change and increasing competition for cropland had prompted Europe and the US to encourage the use of biofuels, driving up the price of raw materials used in their production, such as wheat, soy, corn and palm oil. Notwithstanding this, a more likely explanation seems to be the rocketing price of crude oil which has shot up to almost $150 a barrel.Almost all ...
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