A leaked report by the World Bank, purportedly confirms that biofuels, not increased demand from India and China, has caused the world’s food prices to increase by 75%. President Bush has linked higher food prices to higher demand from India and China, but the leaked World Bank study disputes that: “Rapid income growth in developing…
Tag: ethanol
Corn Industry Says Don’t Blame Us, Again
Here we go again. The corn industry, this time under the guise of the New Fuels Alliance and FoodPriceTruth.org, are saying that higher food prices, in particular, chicken, are NOT a result of more corn going to corn based biofuels instead of chicken feed. Yeah, right. Same old story.
Riots over food shortages and higher prices
As TimesOnline reports, slowly, rioting over food shortages and higher prices has begun. Population pressure and increased wealth are mainly to blame for the resurgence of food insecurity. More people are eating meat and dairy products in Asia, which increases the demand on the animal-feed industry. They also talk about how biofuels is threatening world…
Food costs will continue to go up in 2008
Another article which explains why food prices are going up. From the Christian Science Monitor: Two major trends have been pushing prices up faster than they have risen for more than 30 years. One is that increasingly prosperous consumers in India and China are not only eating more food but eating more meat. Animals have…
Pending global food crisis – Due to corn and Ethanol
An excellent article which reiterates the point, that food prices are going up, because of corn being diverted from human consumption to ethanol production. The amount of corn it takes to produce 75 litres of ethanol– roughly a tank of fuel– is enough corn to feed one person on a 2,000-calorie-a-day diet for a year…
Iowa Corn Promotion Board says don’t blame us for rising food prices!
Iowa Corn Promotion Board and the Iowa Corn Growers Association are apparently going to launch a consumer-education campaign that says that they are not responsible for food prices going up. I would partly agree, in that they are not entirely responsible. Of course oil prices, labor costs, transportation costs, etc share some of the blame….
Ethanol subsidies causing NYC bagel prices to go up
Bagels are costing alot more these days. Why? Ethanol subsidies, paid for by our taxes, allow for grain, that normally go towards food and animal feed, to go to ethanol distilleries. From ENS, “U.S. taxpayers, by subsidizing the conversion of grain into ethanol, are in effect financing a rise in their own food prices. It…
Corn based ethanol production causing global food insecurity
Here’s a good read on why an increase in ethanol [derived from corn] to “reduce our dependency on foreign oil” is a bad idea for all… Here’s an innovative way to make ethanol cheaply, without corn.