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June 2011 | |  |
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Biofuels are driving food prices higher
Source : guardian.co.uk
This year began with record-breaking food prices that experts warn could lead to another fully fledged global food crisis. Rising food prices contributed to the uprisings in Tunisia and Egypt and sparked riots in several other countries. A food crisis three years ago also brought impoverished people on to the streets when they couldn't afford to buy staple foods such as rice, wheat and corn. Not surprising when poor people spend up to 80% of their income on food. The World Bank estimates that between June and December 2010 an additional 44 million people fell below the poverty line due to rises in food prices. The bank's president, Robert Zoellick, called for the world to "put food first". There are numerous causes to the recent price rises, but biofuels remain a significant piece of the puzzle. About 40% of US corn goes into biofuels. Today, 18% of biofuels now used in the UK are made from wheat and corn that are staple foods in the developing world. Yet just over a year ago, the UK hardly used either of these.
read more ...
6 June 2011 |
Economy ::
Agriculture ::
International
The information in this section is subject to a disclaimer.
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