BibTeX:

@article{IJIRSTV1I11057,
     title={Linkage of biofuel to price of food and oil},
     author={Soumi Pramanik and M C Chattopadhyay},
     journal={International Journal for Innovative Research in Science & Technology},
     volume={1},
     number={11},
     pages={243--246},
     year={},
     url={http://www.ijirst.org/articles/IJIRSTV1I11057.pdf},
     publisher={IJIRST (International Journal for Innovative Research in Science & Technology)},
}

Global biofuel production has been increasing really fast over the last few years, but the recent expanding biofuel industry has raised substantial concerns which need immediate attention. World agricultural markets have featured unusual price peaks and volatility in the last few years. It has been debated that the previously unseen price movements in food prices are related to price of crude oil, where biofuel production is suspected to have created a new link between crude oil and food prices. Rise in oil price would reduce global food supply through direct impacts as well as through diversion of food commodities and cropland toward the production of biofuels. The aim of this paper is to perform systematic analysis of the linkage of biofuel to price of food and oil price.

Biofuel, Oil price, Food price