Meal Assembly Watch

I have seen a few reports like this recently. So the rising foods costs are just an excuse and bio-fuel is a scapegoat? It’s hard to say, but you do have to wonder how much real blame there is and how much of the rising pricing are just suppliers being opportunistic.

BRASILIA, Brazil – President Luiz Inacio Lula da Silva made an impassioned defense of biofuels Wednesday, denying that their production contributes to food scarcity and rising global prices.

He also sharply criticized industrial countries for subsidizing agricultural output, which he blamed for undermining the competitiveness of developing nations and reducing world production.

Brazil: Biofuels don’t cause food crisis

Other Articles of Interest:

• Demand, biofuels will keep food prices high, agency says
• Biofuels are prime cause of food crisis, says leaked report
• As global food costs rise, are biofuels to blame?
• The cost of putting food on the table
• World food prices will remain high
• Expect food prices to keep rising, industry says
• Rising costs of food, fuel and home energy spur inflation on to 2.2%
• Rising Fuel Costs: Reducing the Impact
• Food costs will only increase from here
• Skyrocketing price of food has consumers scrambling