France Seeks Biofuels Pause in Global Food Strategy
by Elizabeth Pineau and Sybille de La Hamaide (Reuters) * France pushes for worldwide pause in biofuel growth
* Biofuels push joins Hollande’s call for strategic food stockpile
* France says will mobilise G20 for better farm coordination
A French plan to fight food price volatility took further shape on Wednesday with a call to pause global development of biofuels, just a day after President Francois Hollande pushed for creation of strategic food stocks.
“(France) will push for a pause in the development of biofuels competing with food,” a government spokeswoman said after a cabinet meeting on Wednesday.
The plan is forming in response to the third global food price spike in four years, this time sparked by the worst U.S. drought in over half a century and persistent dry conditions in other key cereal producing areas that revived memories of unrest from 2007/08′s food emergency. READ MORE and MORE (Industry Week)