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Biofuel caused the food crisis?

July 8, 2008

You’re kidding me.

Biofuels have forced global food prices up by 75% – far more than previously estimated.

World Bank Report

And it contradicts the US government’s claims that plant-derived fuels contribute less than 3% to food-price rises. They originally thought the record increases were caused by higher demand from India and China.

Who uses biofuels like corn- and sugarcane-based ethanol? The UK for one, where since April, all petrol and diesel in Britain has had to include 2.5% from biofuels. The EU wants to raise theirs to 10% by 2020, with half their vegetable oils going towards the production of biodiesel. The US has long had plans for similar.

Our planters, sensing big money, will start sending their produce westwards. Guess how much we’ll have to pay for a plate of char koay teow by then.

The World Bank says rising food prices have pushed 100m people worldwide below the poverty line, and all because some dudes want to go for a ride on the cheap.

Talk about big-ass karma in the making.

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