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Ouch! World Bank says biofuels responsible for 75% rise in food prices

Maybe it's a good thing that American biofuel plants are filing for bankruptcy protection. According to a previously secret report conducted by the World Bank and obtained by the Guardian newspaper, biofuel production is hugely responsible for the food price crisis. How much? The report - the "most detailed analysis of the crisis so far," in the Guardian's words - says that biofuels caused global food prices to rise by 75 percent. This is much higher than previous estimates. Food Before Fuel estimated a 30 percent influence, and the Guardian ... Read more →

USDA says biofuels are not to blame for high food prices Sebastian Blanco

Certainly not an unbiased observer, the United States Department of Agriculture (USDA) has issued an economic analysis that reveals that crops grown for biofuels (in the U.S., that means mostly ...

Pro-ethanol folks respond to Economist's ethanol attack Sebastian Blanco

Yesterday, I wrote about an article in the Economist that equated the amount of maize it takes to make a gallon of ethanol with a year's worth of food. Earlier today, we saw the latest bit of bad news ...

Economist figures a tank of ethanol = food for a year Sebastian Blanco

Every day, it seems, corn ethanol gets a little less attractive. In fact, if the information in this article from the latest print edition of The Economist catches on, then ethanol advocates are going ...

AP: Biofuels playing a role in the "worst bout of food inflation since 1990" Sebastian Blanco

Here's the deal: ethanol is not the only reason that the average price of a bowl of cereal and milk is moving from 44 cents last year to 49 cents this year to an expected 56 cents next year. But, as ...

Ouch! World Bank says biofuels responsible for 75% rise in food prices 1 year ago on Autoblog Green

Maybe it's a good thing that American biofuel plants are filing for bankruptcy protection. According to a previously secret report conducted by the World Bank and obtained by the Guardian newspaper, biofuel production is hugely responsible for the food price crisis. How much? The report - the "most ...

USDA says biofuels are not to blame for high food prices 1 year ago on Autoblog Green

Certainly not an unbiased observer, the United States Department of Agriculture (USDA) has issued an economic analysis that reveals that crops grown for biofuels (in the U.S., that means mostly soybeans for biodiesel and corn for ethanol) are not responsible for the recent increase in food prices. ...

Pro-ethanol folks respond to Economist's ethanol attack 1 year ago on Autoblog Green

Yesterday, I wrote about an article in the Economist that equated the amount of maize it takes to make a gallon of ethanol with a year's worth of food. Earlier today, we saw the latest bit of bad news from an ethanol producer (the suspension of construction of a large ethanol plant in Imperial ...

Economist figures a tank of ethanol = food for a year 1 year ago on Autoblog Green

Every day, it seems, corn ethanol gets a little less attractive. In fact, if the information in this article from the latest print edition of The Economist catches on, then ethanol advocates are going to have two more easy-to-remember absurditiies to defend: 1.) biofuels will use a third of the ...

AP: Biofuels playing a role in the "worst bout of food inflation since 1990" 2 years ago on Autoblog Green

Here's the deal: ethanol is not the only reason that the average price of a bowl of cereal and milk is moving from 44 cents last year to 49 cents this year to an expected 56 cents next year. But, as AP writer Lauren Villagran explains, a weak U.S. dollar, high fuel prices and China's growing ...


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