Thursday, July 12, 2007

Biofuels 'to push farm prices up'

In terms of the clean fuel debate, it has now got to the point where 'good intentions' have perhaps been hijacked by 'corporate intentions' in order to monopolise biofuel supply, with the obvious consequence to crop growing.

It's worth reading this article from BBCNews titled 'Biofuels 'to push farm prices up'':

According to the report, co-written by the Organisation for Economic Development (OECD), biofuels will have a major impact on the farming sector.

Even without demand for the "green" fuel, recent falls in output - thanks to drought and low stocks - will keep prices high, the report added.

The study predicts prices will rise by between 20% and 50% by 2016.


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