Current high food prices are not the result of demand for biofuel, said DatoÆ Yeo How, group executive director at IOI Corporation, addressing a Green Wave panel on the competing demands for agricultural land. DatoÆ Yeo believes the higher prices are the result of consumption growth in the developing world and the disruption to crop yields caused by changing weather patterns. He also pointed out that already scarce farmland is being absorbed by urbanisation. ôCapacity is not keeping pace with a consistent growth in consumption,ö he said.
Members of the biofuel panel at the annual Credit Suisse Asian Investment Conference in Hong Kong focused on palm oil because it is a higher yielding crop than...
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