Thanks to Liz for passing along the link to this story by Andrew Leonard: The Bush administration states that corn-based ethanol only accounts for 3 percent of global food price inflation. The USDA's chief economist disagrees -- he says biofuels add up to 10 percent of food price hikes. Other estimates have gone much higher -- but until today, the most How the World Works had seen anyone claim was 40 percent. But now the U.K.'s the Guardian is reporting that it has laid its hot hands on a confidential World Bank report that makes the astonishing claim that 75 percent of the surge in global food prices can be attributed to biofuels. The figure emphatically contradicts the U.S. government's claims that plant-derived fuels contribute less than 3 percent to food-price rises. It will add to pressure on governments in Washington...
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