Rabobank in Food vs. Fuel Debate Podcast Says Biofuels Production is Just One of Many Factors in Rising Food Costs

GrainNet.com
Date Posted: August 20, 2008

New York—The search for alternative fuels is often blamed for the high cost of food but, according to a new Rabobank podcast, it is just one of many factors.

In the podcast, analysts with Rabobank Food & Agribusiness Research and Advisory (FAR) department discuss the food vs. fuel debate.

"First, food versus fuel is a handy sound bite," said FAR Executive Director Karol Aure-Flynn.

"But, the fallacy of the headline is that there is a direct competition between the two; that it's either or.

"The reality is that strong global economic growth has changed the demand equation for U.S. commodities.

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