Article: Brazil: Brazil's Lula defends biofuels, hits out at oil speculation.

Byline: shankar03

Brazilian President Luiz Inacio Lula da Silva rejected claims that biofuels made from sugar cane are contributing to the global food crisis, and argued that oil speculation was a factor. Brazil is the world's number-two producer of biofuels, which have been widely criticised as exacerbating food shortages and diverting crops away from traditional food uses.

In Rome ahead of an FAO food summit June 3-5, Lula ...

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