Global food crisis: biofuels have had a bigger impact than previously claimed

Global NewsPublished September 11, 2010 at 2:56 am No Comments

Countries and regions such as the US and EU have claimed the impact of biofuels on the food crisis has been minimal and that instead demand from countries such as India and China are amongst the prime factors. However, a World Bank report finds that biofuels have forced global food prices up by 75% while another institute estimates an increase of around 30%. Either way, it is a lot more than US estimates of 3%.

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