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Friday, July 4, 2008 12:00 AM

A biofuel food-price bombshell

The U.K. Guardian reports some astonishing numbers from a "confidential" World Bank study on energy crops and grain prices.
Andrew Leonard

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  • Friday, July 4, 2008 06:27 PM

    What about oil?

    I'm surprised the report (as quoted), Mr. Leonard or the commenters haven't pointed to the obvious impact that $140 (oh, sorry... make that $145) oil is having on the price of just about everything. I find it hard to believe that "changing diets in China and India" would account for even a fraction of the recent rise in food prices compared to the impact of rising oil prices on both production and transportation.

    —ukiyo Read ukiyo's other letters

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