Biofuel moratorium 'would slash food prices'
A moratorium on grain and oilseed-based biofuels could slash food prices by up to 20% within the next two years, according to leading agricultural researchers. Agricultural experts called for a moratorium on the production of biofuels from corn Figures from the International Food Policy Research Institute (IFPRI) suggest that suspension of production this year would reduce corn prices by about 20% and wheat by about 10% in 2009-10.