Demand for biofuels in Europe and the United States has forced up food prices 75 percent around the world, according to a World Bank report that was leaked and published in The Guardian newspaper on Friday.
The number stands in sharp contrast to the 3 percent contribution to higher food pricing estimated by the United States Department of Agriculture.
Meanwhile, a study commissioned by food manufacturers pegs the contribution of biofuels on food prices at between 25 percent and 35 percent.
No comments:
Post a Comment