Secret’s Out: Suppressed Report Says Biofuels Raise Food Prices

July 6, 2008 at 6:43 pm 2 comments

The Guardian obtained a leaked report from the World Bank that has pegged “biofuel” production as a bigger problem in raising food prices than previously thought.

The report estimates that higher energy and fertiliser prices accounted for an increase of only 15%, while biofuels have been responsible for a 75% jump over that period.

The World Bank report has been suppressed since its completion in April because insiders believe it would embarrass President Bush (can’t let that happen!).  The US government claims that producing fuel from plants has only raised food prices by 3 percent. I hope any ethanol defenders and comments on this blog  can explain why there is such a discrepancy.Charlie gets hungry

An estimated 100 million people have fallen below the poverty line because of rising global food prices.

Coincidentally, back in April, Senator Charlie “Chuck” Grassley labeled the whole ethanol/food debate “a big joke.”

Maybe I just don’t get his sense of humor?

Entry filed under: 1, national, non-Iowa, state, world. Tags: , , , , , , , , , , , .

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2 Comments Add your own

  • 1. iowan  |  July 9, 2008 at 6:21 pm

    Walden Bello has an interesting article on globalization and the demise of African (and developing nations’) agriculture:

    “the destabilization of peasant producers by a one-two punch of IMF-World Bank structural adjustment programs that gutted government investment in the countryside followed by the massive influx of subsidized U.S. and European Union agricultural imports after the WTO’s Agreement on Agriculture pried open markets.”

    Bello is a columnist for Foreign Policy In Focus.

  • 2. hungrybritain  |  July 30, 2008 at 4:37 am

    Regardng the current uncertainties with food prices and the role of ever increasing demand from China and India. There is a greater need for us to conserve and be increasingly frugal about food consumption at home.

    Simple food saving tips are things we need to get used to and practice more regularly. Most of these are common sense and can be quite creative. You can find a list of free food saving tips at sites such as amongst other similar sites as well.

    We all need to contribute to a fairer and a more foodwise program for ourselves.


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