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Old 06-07-2008, 02:38 PM
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Default Re: the worlds rice and wheat crisis

Quote:
Originally Posted by bravotwozero View Post
The reasons for the world food crisis are complex, with major factors being rising cost of oil, as well as using maze/grains for manufacturing gasoline.

There's a good article on it in Wikipedia that discusses it.
Just to make it clear, biofuels are part of it, but they aren't the only thing to blame either. The cost of oil, increase in demand, reduction in suply due to droughts and such in major food producing parts of the world probably contribute as much as biofuels. Taken together, things are getting tighter. In the US, biofuels means corn, and corn related comodities haven't increased in price nearly as much as things like rice and wheat. Like you said, it's definately a complex situation. Fun times.

World Bank Chief: Biofuels Boosting Food Prices : NPR

BBC NEWS | Business | World Bank tackles food emergency
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