Biofuels are responsible for a 75 percent increase in world food prices according to the findings of a World Bank report published in The Guardian newspaper on Friday.
The bank warned that such a global surge in food prices could push 100 million people into deeper poverty as the trend accelerates into the latter half of 2008, hitting poorest countries the hardest.
since April all petrol and diesel in the UK has had to include a biofuel component of at least 2.5 percent.
We may still be yet to see the worst results of the crisis, but the situation is yet another sign of the global economic doom forecasted for the coming months.
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