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Old 05-06-2008, 03:02   #5
Xaccers
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Join Date: Jun 2003
Location: Milling around Milton Keynes
Age: 48
Posts: 12,969
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Re: Bioenergy: Fuelling the food crisis?

I'm sure I read that the real problem was down to stock market speculators investing in agriculture products because they're more stable than many traditional markets.
I know a guy who quadroupled his money when he went on holiday at the end of April back in 1986 and put his lot into american grain because it was a safe bet to make a bit of money.
People have to eat, grain etc will always be bought.
I'm pretty sure there isn't a shortage of food crops which there would be if biofuels were the cause of the price rises (ie biofuel crops being bought for a higher price than food crops so more economic sense in farmers stopping food production).
Yes there's a rice shortage, but rice isn't normally converted into biofuels, and rice paddies aren't suitable for most crops which are used as biofuels.
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