Economists Blame Biofuels Production for Higher Global Feed Prices
Policy should be 'food first,' say experts
The diversion of crops for biofuels has contributed to global feed and food prices hitting record highs,according to experts.
Corn prices in the U.S. rose by 73% during the second half of 2010, and the proportion of Chinese cassava going to ethanol jumped to 52% from just 10% in 2008. The United Nations Food and Agriculture Organization has reported that its index of food prices is showing the highest numbers ever, with prices rising 15% from October to January.
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