Biofuel does impact on food prices after all
The bank’s assessment, published recently by the Guardian, is based on the most detailed analysis of the crisis so far. The study has been carried out by a world-respected economist and contradicts US government claims that plant-derived fuels contribute less than 3% to food-price rises.
It also challenges the view of NTR, the Irish company committed to renewable fuels as a major part of its future growth strategy.
