Is higher demand for biofuels fuelling food prices?

One reason for the increase in world food prices is that of food consumption, especially in developing countries. Another is the demand for cereals and food crops to produce biofuels. Which is the more dominant factor that can explain this surge?

Publication Date: 
09/08/2008
Anil Sharma
Economic and Political Weekly
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Tags:
Bio Fuel Crops, Food Prices, Food Supply, Ethanol, Biofuel, Consumption Patterns, China, United States Of America (US), Brazil, India, Developing Countries