Tuesday, June 3, 2008

US biofuel subsidies under attack at food summit

US subsidies for biofuel production were condemned by the head of the UN's Food and Agriculture Organisation (FAO) this morning, who said they were depriving people of food.

Opening a UN food crisis summit in Rome, Jacques Diouf attacked the subsidies for corn ethanol during a wide-ranging critique of global policies on climate change and food security, which he said were slanted to favour the west.

"Nobody understands [why] $11-12bn of subsidies in 2006 and protective tariff policies [should be used to] divert 100m tonnes of cereals from human consumption, mostly to satisfy a thirst for fuel for vehicles," Diouf, the FAO director general, said.

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