Friday, July 20, 2012

"Record cereal prices stoke fears of global food crisis" TheGuardian

"On Wednesday, the US agriculture secretary pushed corn prices even higher when he said the situation was not bad enough to warrant a reduction in government quotas for biofuels, specifically ethanol, which is typically made from corn and is a factor in keeping prices high.

Ruth Kelly, Oxfam's food policy adviser, said: "The toxic combination of a heatwave in the US, which is decimating corn harvests, and the unwavering global demand for biofuels, is again pushing the price of basic food stuffs higher and higher."

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