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. (Click here for PDF).
The reports will surely heat up the debate on biofuels policy one week before the … Read more