Biofuels have forced global food prices up by 75 percent — far more than previously estimated — according to a confidential World Bank report published in a British newspaper on Friday.
The assessment is based on a detailed analysis by Don Mitchell, an internationally respected economist at the Washington-based global financial body, the Guardian said.
I think it is time to really review biofuels and see if they are really necessary. The output isn't that great, it jacks up food prices around the world, and overall it doesn't have the desired effect on the environment that we want.
Biofuels: Back to the drawing board.