Biofuels are behind food price hikes, report claims
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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