U.S. biofuel plants go bankrupt on feedstock costs

And this is another reason why it is unsustainable. NEW YORK (Reuters) – Soaring corn and soy prices on top of rising construction costs and tight credit markets have pushed about a dozen U.S. biofuel plants to file for bankruptcy protection, experts said. Prices for corn, the feedstock for most U.S. ethanol plants, hit fresh […]

Secret report: biofuel caused food crisis

Biofuels have forced global food prices up by 75% – far more than previously estimated – according to a confidential World Bank report obtained by the Guardian. The damning unpublished assessment is based on the most detailed analysis of the crisis so far, carried out by an internationally-respected economist at global financial body. The figure […]

Global Food Crisis: Egypt and Sudan Join Forces For Food Security

No one can doubt that the news being transmitted from Egypt, and also from Sudan in early May, is dramatic. Egypt is in the throes of an economic crisis, inflation is reeling out of control, people have taken to the streets, and desperate measures taken by the government in an attempt to alleviate the strains […]