Tag Archives: food crisis

A Tale of Two Studies

Don Mitchell of the World Bank’s Development Prospects Group has released an official version of his analysis of biofuels’ impact on the rise in global food prices. An early version of the study was leaked to the Guardian in London on July 4. Mitchell attributes 70 to 75 percent of the increase in food commodities prices to “biofuels and the related consequences of low grain stocks, large land use shifts, speculative activity and export bans.” Read More >

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Not a Secret After All

On Friday July 4, The Guardian newspaper of London published a story (“Secret report: biofuel caused food crisis”) about a “confidential,” unpublished World Bank report it had obtained purportedly demonstrating that biofuels are responsible for 75 percent of the global rise in food prices. “The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body,” according to The Guardian. In Read More >

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Weather, Not Biofuels Contributes to Food Crisis

Could it be, that weather, not biofuels, are responsible for the increase in corn prices?  That is what Tim of Environmental Economics suggests.   Citing rains and floods, as being responsible for leaving 4 million acres unplanted (according to the AP),  Tim quotes the AP, “That would likely lift corn prices further, forcing consumers to pay higher grocery bills for meat and pork, as livestock producers would be forced to pass on higher animal feed costs Read More >

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Can Stopping Ethanol Solve the Current Food Crisis?

President Bush spoke out last week on the global food crisis, suggesting that reducing trade barriers would help increase food supplies. We’re also urging countries that have instituted restrictions on agricultural exports to lift those restrictions. Some countries are preventing needed food from getting to market in the first place, and we call upon them to end those restrictions to help ease suffering for those who aren’t getting food. “We’re also urging countries to remove Read More >

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