Thursday, April 14, 2011

Biofuel pushes millions of people towards poverty

Biofuel pushes millions of people towards poverty
By Vladimir Shabanov
April 14, 2011

The growing production of bioethanol increases the shortage of food. Corn, sugar, other types of farm crops are required for the production of the biofuel. In addition, the growth of sowing for the green fuel reduces the square of lands designated for food cultures, which leads to smaller harvest and higher prices on food.

FAO's food prices index gained 2.2 percent in February, which marked the highest point since the analysis of the prices in 1990. The index embraces the fluctuations of prices on 55 sorts of food products.
FAO's crops prices index in March (includes wheat, rice and corn) increased by 3.7 percent. The prices on corn doubled last year, whereas wheat gained 65 percent.

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