Originally Posted by
LostInAmerica
Don't forget about the impact of bio-fuels on the increase in food costs. With oil prices continuing to rise, the demand for bio-fuels is increasing rapidly and they compete for the same resources we use for food.
What I've seen reported in the Financial Times (best paper in the world
) is that the bio-fuel issue is overblown. I believe it is raising costs slightly for corn, which is amplified for the very poorest among us in North America, but that it isn't sending it skyrocketing.