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U.S. Biofuels and food prices in Guatemala

Wednesday, January 09, 2013   (0 Comments)
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U.S. Biofuels and food prices in Guatemala

 

U.S. and European laws that mandate increased use of biofuels for vehicles have contributed to rising food prices in Asia, Africa and Latin America a New York Times story by Elizabeth Rosenthal reports Much land once used for food-based agriculture is also being used more profitably to grow raw material for biofuels. Central America, with its corn-based diet and proximity to the U.S., has less imported corn now that the U.S. is using 40 percent of its corn crop for biofuels, and is growing less corn at home. In Guatemalan, for instance, some land owners who used to raise corn now grow sugar cane to export for European biofuels. the price of corn in Guatemala has doubled.


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