The biofuel factor in rising food prices |
15 Apr 08 |
Growing demand for food in emerging nations, wheat crop failures, currency fluctuation, speculation in the commodities market, hastily conceived government policies, and the growing demand for biofuels have all,among other factors,converged to drive up the price of food, experts say.While biofuels often tend to get mentioned as a cause of skyrocketing food prices, the complexity of the situation is mind-boggling. As a result, fixing it in a relatively straightforward manner doesn't seem likely.
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