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Biofuels are pushing food prices higher

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Food prices would be “significantly lower” if biofuels weren’t being propped up by government, according to a new report from the European Union’s Joint Research Centre. If the EU didn’t support the alternative fuel sources, the price of foods like vegetable oil would be 50 percent lower by 2020 – and 15 percent lower here in America, the report said. “Given that more than half of...

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