Keeping food prices down
Nestlé’s Chairman Peter Brabeck couldn’t have put it more bluntly:
“It is really unbelievable that, when we have insufficient food in our world, we give it to cars … I plead very openly, no food for fuel.”
He was speaking at the recent Global Forum for Food and Agriculture in Berlin.
He does have a point.
Current subsidies for biofuels also push food prices up.