19-12-2012, 06:51 PM
USE OF BIOFUEL
Grain has been diverted away from food, to fuel; (Over a third of US corn is now used to produce ethanol; about half of vegetable oils in the EU goes towards the production of biodiesel);
Farmers have been encouraged to set land aside for biofuel production;
The rise in biofuels has sparked financial speculation in grains, driving prices up higher.