How much of the record prices for food is biofuels-driven?
Many specialists in food policy consider government mandates for biofuels to be ill advised, saying that the diversion of crops like corn into fuel production has contributed to the higher prices. However, the critical and major driver to higher food prices is the higher cost of fossil fuel. Other factors have also played big roles, including droughts that have limited the amount of anticipated agricultural output; rapid global economic growth that has created higher demand for protein-based food (meat); and, competition for oil in developing economies such as China and India.
