About 33 percent of the expected rise in food prices over the next decade can be tied to biofuels, OECD [Organisation for Economic Co-Operation and Development] agriculture official Loek Boonekamp said, but the economic, environmental and energy-security benefits of diverting agriculture products to fuel "are probably smaller than commonly expected."
.....
Food prices in the past year have risen more than 20 percent in China, Kenya and Sri Lanka; more than 18 percent in Botswana and Pakistan; and 11 to 14 percent in Indonesia, South Africa, Egypt, Haiti and Bangladesh, according to the report.
No country has been immune. In the past year, the report says, the price of butter was up 50 percent in Poland, 40 percent in France and 36 percent in Jordan. Eggs rose 34 percent in the United States and 30 percent in Britain. The price of vegetable oil -- a key commodity in diets in developing countries -- rose 47 percent in Botswana and 18 percent in India. Meat prices jumped 45 percent in China.
Friday, May 30, 2008
High Global Food Prices Will Continue
From the Washington Post:
Sunday, May 25, 2008
Enjoying Summer
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