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October 13, 2008
The Reuters-CRB Index closed at 392.8 on Friday, down 23.87 on the day and 50.03 on a year ago. The DJ-AIG Commodity Index was down 9.4 per cent on Friday and the level on a year ago reached a low of 19.65 per cent.
Pressure for the role of biofuels to be reconsidered is building, following reports from the United Nations that promotion of biofuels had done more harm in pushing up food prices than good in reducing greenhouse gases. If demand for biofuel agriculture feedstock rose by...
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