The news of the 11th of Beijing Derinlin7 moon: According to report that the famous economist of World Bank released, the biological fuel is the main reason causing the price of global food to rise violently.

Agricultural economist Michelle in World Bank seat of honor claims, the price of food during February of 2008 of January of 2002 rises sharply the grain demand that 75% of the reasons will be the biological fuel trade in 140% increases day by day, the grain stock is on the low side, the market speculation and grain export the prohibition. Other causing the reason that the price of food rises violently is that U.S. dollar go weak, the energy price go up and the chemical fertilizer cost go up.

Show, it causes U.S.A. to plant the cost to raise by 15% that energy and chemical fertilizer price go up according to Michelle, the amount of the increase of cost of other countries is lower than 15% relatively. The cost is raised, lead to the fact the price goes up, impels various countries to implement the prohibition of exporting, speculative activities are improving too.

If the biological fuel has not increased production, global wheat and maize stock would not glide by a wide margin, the price will not go up either, the influence of other factors is relatively small after all.

Lasting aridity lead to the fact Australian wheat drop in production once again last year, but this can cause loud influence too to global market originally, because Australia has only reduced to the global wheat export by 4%, other exporters actually could fill in this gap.

Michelle claims, the biological fuel increases production, lead to the fact the grain demand is improved, it is the main reason that the price of food rise violently that this is straight.

75% of the proportions far exceed the prediction of most other economists, their prediction proportion is here between 2-3% and 30%. The U.S. government thinks the reason proportion, in 2-3%, but Food and Agriculture Organization of the United Nations thinks in 30%.

This proportion has already caused fierce dispute. American regenerated fuel association argues, Michelle has exaggerated the influence that the biological fuel causes. U.S.A. national biological diesel oil cloth, Joe of Joe, president of office, say biological fuel prevent way that price further rise violently rapidly from while being only.

American ethanol trade may consume about 1/3 of the maize output in U.S.A. this year. The market worries day by day American ethanol trade is a main reason for food inflation. The maize is used mainly for producing the food and feed.

The view of Michelle is close to the view of International Monetary Fund recently. International Monetary Fund has expressed, the price of food can be due to the biological fuel policy to rise by a wide margin directly recently.

This speech may further weaken the global support to regenerated fuel.