Food-Fuel Crisis: Poor Countries Lose, Who Wins?

Crude oil and corn prices have again hit record highs. Oil is now double the level of a year ago, and this ongoing surge has pushed up the prices of farm crops such as corn and soy beans for biofuels, which in turn has bloated food price inflation. In the United States alone, the biofuel industry is expected to take one-third of the corn crop. The losers in this state of affairs are poor countries that import both oil and food. But who are the winners? Colin Chapman investigates.

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