Tuesday, April 12, 2011

Food prices

Another article in a recent NYT on the influence of biofuels on food prices, with a great economic quote: "'The fact that cassava is being used for biofuel in China, rapeseed is being used in Europe, and sugar cane elsewhere is definitely creating a shift in demand curves,” said Timothy D. Searchinger, a research scholar at Princeton University who studies the topic. “Biofuels are contributing to higher prices and tighter markets.'"

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