Hay prices are up 50%
Kirk
Keith Addison <[EMAIL PROTECTED]> wrote:
Agricultural commodities ain't necessarily "food".
See:
http://www.mail-archive.com/biofuel@sustainablelists.org/msg68246.html
Re: [Biofuel] DISTILLERY DEMAND FOR GRAIN TO FUEL CARS VASTLY UNDERSTATE
http://www.mail-archive.com/biofuel@sustainablelists.org/msg68542.html
Re: [Biofuel] Chicken Little Strikes Again! CO2 is rising!C02 isrising!A
- Keith
------
http://observer.guardian.co.uk/business/story/0,,2088808,00.html
| Business | The Observer
Battle for biofuels drives world food prices higher
Heather Stewart
Sunday May 27, 2007
The Observer
America's thirst for environmentally friendly biofuels is driving up
food prices around the world as farmers scramble to devote more land
to corn, writes Heather Stewart.
With the oil price back above $70 a barrel, biofuel looks
increasingly attractive, and as more corn is grown to fill fuel
tanks, the prices of other food crops are also being pushed up.
'The biggest impetus right now is the fact that the oil price is very
high, and ethanol is very viable,' said Kona Haque, senior
commodities editor at the Economist Intelligence Unit. 'It's a land
issue: it's a competition for acreage. Countries are devoting an
increasing amount of their land to fuel.' Even meat prices have been
affected, as there is less land available to grow soybeans to feed
livestock.
Almost a quarter of this year's US corn crop is expected to be turned
into fuel. Drought in Australia has added to the food prices spike,
which is feeding through to world inflation.
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