AmutovSaydalim
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Cutting biofuels can help avoid global food shock from Ukraine war
The US and Europe can compensate for the loss of Ukraine’s grain exports by scrapping biofuel mandates, helping to avoid a food price shock
However, only 6 per cent of fuel sold at petrol pumps in the US is ethanol, he says, so changing this either way isn't going to have a major effect on global oil prices. By contrast, it could have a major effect on food prices.
So temporarily halting biofuels can effectively ease the rise in food prices?
If you don't know about this year's food crisis, there is a lot of information collected on Wiki
