FOOD PRICES NOT AFFECTED BY BIOFUEL BOOM SAYS EUROPEAN COMMISSION
July 1st, 2007
BY MONICA DOBIE INCREASED production of biofuel crops will not lead to higher food prices claims the European Commission, which says in a new report incoming regulation on biofuels could increase demand in the EU by only 3.1% by 2020. In the long term, the report says energy crops could be grown on fallow set aside fields leaving considerable land available for biofuel production. It also cites stagnating and declining population in the EU along with an aging population that will eat significantly less meat than seen in the last decade, depressing meat and cereal ...
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