Global food crisis: Counting the real cost of biofuels

This year, 40% of America's corn crop will go into car engines rather than stomachs. Add the fact that the US is both the world's largest producer of corn and the largest exporter, and that 10 years ago only 7% of its crop went to ethanol production, and you start to see why enthusiasm for biofuels among oil importers has had such a marked impact on food prices.

Read Full Story>>