A secret British report by a respected economist at the World Bank claims that biofuels are the principle cause ot the global rise in food prices and food shortages. Feedstocks, mainly corn, have been diverted from the food supply to provide material for biofuels, contributing to a global rise in food prices of 75% in the period between 2002 and February of this year. In addition to corn, vegetable oil used in the production of biodiesel was cited as a factor. President George W. Bush has said that food shortages have been due to increased demand in India and China. The report was kept secret presumably to avoid embarrassing President Bush, as it would put him at odds with the World Bank.
The full story can be found here, at guardian.co.uk.
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