The Bush administration says it ain't so, blaming high food prices on higher demand from India and China. Brazil's Lula blames record oil prices and rich countries' farm subsidies. John Laumer blames genetically modified crops, among other things. Now a leaked report from the World Bank claims that biofuels have forced global food prices up by 75%. The Guardian writes: "Senior development sources" say the report was spiked to avoid embarrassing President Bush. "It would put the World Bank in a political hot-spot with the White House," said one yesterday.
The report contradicts Bush and says "Rapid income growth in developing countries has not led to large increases in global grain consumption and was not a major factor responsible for the large price increases Without the increase in biofuels, global wheat and maize stocks would not have declined appreciably and price increases due to other factors would have been moderate."
World Bank Entrance, Washington, Getty Images
From the Guardian: "Political leaders seem intent on suppressing and ignoring the strong evidence that biofuels are a major factor in recent food price rises," said Robert Bailey, policy adviser at Oxfam. "It is imperative that we have the full picture. While politicians concentrate on keeping industry lobbies happy, people in poor countries cannot afford enough to eat." ::Guardian
More on Biofuel and Food Prices
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Rising Food & Oil Prices : A Recipe For Riots Says FAO
Common BioFuel Myth: Corn-Based Ethanol To Blame For Global Food ...
Biofuels Have Pushed Thirty Million People Into Poverty: Oxfam ...
Biofuels : When Subsidies and Special Interests Collide
Biofuels : Possible "Crime Against Humanity"? :