07 August 2008 18:28 [Source: ICIS news]
TORONTO (ICIS news)--The significant drop in agricultural commodity prices since early July underlines that biofuels were not responsible for the run-up in global food prices, German biofuels industry group Verband der Deutschen Biokraftstoffindusrie (VDB) said on Thursday.
The price declines, and experts’ forecasts of further declines in coming weeks, contradicted recent high-profile reports that had predicted further price increases and pointed the finger towards biofuels, said VDB general manager Johannes Lackmann
Those studies often reflected only “dull populism,” despite their claims of scientific methodology, he said.
The world had sufficient land available to produce both food and biofuels in a sustainable manner, Lackmann said, adding that the proportion of worldwide agricultural land used for biofuels was still very small, only about 2%.
Increased biofuels production would help stabilise farmers’ incomes, which would be positive for developing countries as well, he said.
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections