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Corn ethanol pushes up food prices

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At www-wds.worldbank.org

Food prices have shot up 170 percent in the past six years, putting a serious burden on the world's poor and causing food riots in some countries, according to a new report from the World Bank. The report found that the increase was largely caused by U.S. and European government support for biofuels, particularly corn ethanol. This analysis shows a 30% to 60% increase in food prices is due to biofuels.

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At www-wds.worldbank.org


 

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