Global food prices up 75% – Why?
Biofuels are the culprit according to a confidential World Bank report obtained by the Guardian.
The figure emphatically contradicts the US government’s claims that plant-derived fuels contribute less than 3% to food-price rises. It will add to pressure on governments in Washington and across Europe, which have turned to plant-derived fuels to reduce emissions of greenhouse gases and reduce their dependence on imported oil.
Did you know that “in 1996, U.S. sweet corn growers harvested about 119,400 acres of sweet corn. Growers raised 117,900 acres of sweet corn in 1995 and 123,400 acres in 1994. By comparison, the amount of land dedicated to dent corn production is much larger. U.S. corn growers plant about 71 million acres of field corn each year”. Source:NCGA Information Bin
July 9th, 2008 at 7:06 pm
As a follow up – this would depend on how much you trust the World Bank…