Biofuels cause 75% of food price rise

Are you surprised? We are reminded regularly that recent food price rises are caused by a multitude of factors. This complexity is used by many to highlight that their pet cause is/is not behind the price rises (a skeptic might say).

Now Reuters cite a confidential World Bank report that biofuels (and by implication biofuel policies) are largely to blame. Thus the decision by G8 leaders to increase food aid today would appear to be paying a second time for their biofuels policy.

With such globalised food markets we need an international approach. Only then can action by one nation make global sense and benefit all concerned.