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: food costs
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.
More Warnings Of Food Riots
In its annual report, the Red Cross warned of a possible surge in “food-related violence” due to soaring food prices. It suggests that several factors are contributing to the rise is prices: Drought and climate change have led to a slow down in the growth of agricultural production: in Australia, wheat production plummeted by 52%…
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.