Biofuels are behind food price hikes, report claims

Agra-Europe
Tuesday October 18 2011

EU, US and Brazilian biofuel support policies have contributed significantly to the rise in global food prices, according to a new report commissioned by the UN Committee on World Food Security (CFS).

Biofuel targets - such as the EU's goal to source 10% of its transport needs from biofuels by 2020 - should be scrapped as it creates extra demand for agricultural commodities, driving up prices, it argues.

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