Wednesday, September 12, 2012

"France seeks pause on biofuels competing with food" CNBC

" France will call for a pause in the development of biofuels competing with food at both international and European level in a bid to avoid crisis prompted by surging grain prices.

"(France) will push for a pause in the development of biofuels competing with food," a government spokeswoman said after a cabinet meeting on Wednesday.

Biofuels are made mostly of grains and oilseeds whose prices have reached record highs this year due to droughts in the U.S. Midwest and the Black Sea region, prompting global alarm over the potential for a food crisis of the kind seen in 2007/08."

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