The French government is reviewing its policy in support of first-generation biofuels. The French secretary of state for the environment has asked that agency to review its biofuels production technology. They want to change the focus to second-generation biofuels made from biomass instead of corn and vegetable oil. The secretary also indicated it is likely changes will be made in the French biofuels policy after the review is completed.
The food versus fuel debate continues to raise its head as corn, soybean and vegetable oil prices have continued to soar higher. The American consumer really hasn’t noticed much of an increase in food prices and probably won’t. We spend about 10 percent of our income on food. That is very low relative to nearly every other country and rock bottom compared to poor or lesser developed countries.
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