Biofuels behind food price hikes: leaked World Bank report
Quote:
LONDON (AFP) - Biofuels have caused world food prices to increase by 75 percent, according to the findings of an unpublished World Bank report published in The Guardian newspaper on Friday.
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The daily said the report was finished in April but was not published to avoid embarrassing the US government, which has claimed plant-derived fuels have pushed up prices by only three percent.
"But Brazil's transformation of sugar cane into fuel has not had such a dramatic impact, the report said."
This is why the US and other developed nations shoud be using sugar beets as the source for bio ethanol rather than grains. Converting to this sugar source for alcohol production would not impact food grain prices and especially Beer prices.
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