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Last update: 23.12.2008
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US biofuel subsidies under attack at food summit
Source : guardian.co.uk
US subsidies for biofuel production were condemned by the head of the UN's Food and Agriculture Organisation (FAO) this morning, who said they were depriving people of food. Opening a UN food crisis summit in Rome, Jacques Diouf attacked the subsidies for corn ethanol during a wide-ranging critique of global policies on climate change and food security, which he said were slanted to favour the west. "Nobody understands [why] $11-12bn of subsidies in 2006 and protective tariff policies [should be used to] divert 100m tonnes of cereals from human consumption, mostly to satisfy a thirst for fuel for vehicles", Diouf, the FAO director general, said. It was a thinly veiled attack. The FAO estimates US subsidies for the production of corn ethanol at $11-12bn.
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3 June 2008 |
Economy ::
Agriculture ::
International
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