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World drive for biofuel pushes up food inflation, says S. African official
- Article from:
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Xinhua News Agency
- Article date:
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November 13, 2007
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Copyright informationCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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World drive for biofuel pushes up food inflation, says S. African
official
JOHANNESBURG, Nov. 13 (Xinhua) -- The big international drive for
biofuel is pushing up world food prices, affecting the poor most
significantly, a South African official said on Tuesday.
The price of grain, a major source of biofuel that is considered
to be cleaner than fossil fuels, has risen sharply overthe past
year, National Treasury director-general Lesetja Kganyagosaid in
Cape Town on Tuesday.
"Food prices are driven on a global basis partly as a result
ofthis big drive towards biofuel, which is making us compete with
our cars for food," he was quoted as saying by the SAPA news agency.
The poor spent a bigger ...