Our site uses cookies to facilitate your visit. By continuing, you agree to our use of cookies.

Cookie compliance notification

List of Cookies used on Argus Media

Analytics Cookie

These cookies allow us to count page visits and traffic sources so we can measure and improve the performance of our site, using a service provided by Google Analytics. The analytical cookies are non-intrusive, which explains why they are already set when a user accesses this website.

Cookies used: __utma, __utmb, __utmc, __utmz, __SC_ANALYTICS_GLOBAL_COOKIE, __SC_ANALYTICS_SESSION_COOKIE

Compliance Cookies

This cookie is placed if you click the Hide button in this message. It tells us you have read the message and stops this message from displaying.

Cookies used: CookieLawCompliance

Functional Cookies

These cookies are used to enable core site functionality like login and logout. They do not contain any personal information and are automatically deleted when you close your browser.

Cookies used: ASP.NET_SessionId, ARGUSFORMONLINE, SITELOGIN

Global feed industry blames biofuels for high prices

24 Jul 2012, 1.51 pm GMT

Global feed industry blames biofuels for high prices

London, 24 July (Argus) — The International Feed Industry Federation (IFIF) has singled out global biofuel production as the leading cause behind the latest surge in worldwide feed and food grain prices.

According to the IFIF, increasing competition for feed and food grains and oil seeds from an expanding international biofuels industry has placed growing pressure on global feed manufacturers, resulting in higher prices for consumers.

IFIF executive director Alexandra de Athayde referred to the recent spike in feed and food prices caused by the continuing drought in the US as evidence of the “direct competition” for land and water resources between biofuel production and food supplies.

“If no virgin food or feed crops were used to produce fuel, we believe prices would come down again,” de Athayde said. “Current policies aimed a subsidising the production of grains and oilseeds-based biofuels harm the consumer and threat the sustainability of the feed and food chain globally.”

De Athayde called upon governments to reconsider subsidies for grain-based biofuels in order to meet the UN's current and future global food demand estimate of 60pc more food by 2050.

Send comments to feedback@argusmedia.com
es/jc 2.4



If you would like to review other ArgusMedia.com content options, request more information about Argus' energy news, data and analysis services.

Copyright © 2012 Argus Media Ltd - www.ArgusMedia.com - All rights reserved.

View more news articles