Saturday, July 05, 2008

Secret report: biofuel caused food crisis | Environment | The Guardian

Why on earth should this surprise anyone??  Is the whole basic understanding of supply and demand lost to the average person on the street?

Secret report: biofuel caused food crisis | Environment | The Guardian

Secret report: biofuel caused food crisis

Corn used for biofuel

A handful of corn before it is processed. Photograph: Charlie Neibergall/AP

Biofuels have forced global food prices up by 75% - far more than previously estimated - according to a confidential World Bank report obtained by the Guardian.

The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body.

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