Sunday, June 03, 2007

The price of biofuels isn't paid only at the pump

Food prices rise as more crops go into producing biofuels | The Japan Times Online:
"Many countries, including Japan, see biofuel, mainly ethanol, as an eco-friendly replacement for petroleum, but experts doubt it can be a sustainable alternative energy resource."

Hold the mayo! That seems to be one result of the push for biofuels in Japan. A leading producer of that critical condiment is raising prices by ten percent in response to higher raw matierial prices linked to the competition between biofuel and food production.

This will mostly pass under the radar, but look carefully and you will see other examples of this phenomenon; and not just in Japan, but around the world.

1 Comments:

At Sun Jun 03, 01:16:00 PM EDT, Blogger Jorge said...

Nice blog!

 

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