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Battle for Biofuels Drives World Food Prices Higher America's thirst for environmentally friendly biofuels is driving up food prices around the world as farmers scramble to devote more land to corn. With the oil price back above $70 a barrel, biofuel looks increasingly attractive, and as more corn is grown to fill fuel tanks, the prices of other food crops are also being pushed up.

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Battle for Biofuels Drives World Food Prices Higher

America's thirst for environmentally friendly biofuels is driving up food prices around the world as farmers scramble to devote more land to corn.

With the oil price back above $70 a barrel, biofuel looks increasingly attractive, and as more corn is grown to fill fuel tanks, the prices of other food crops are also being pushed up.