Food versus Fuel: Toward a New Paradigm—The Need for a Holistic Approach

Figure 1

Food prices and model simulations—The FAO Food Price Index (blue solid line); ethanol supply and demand model (blue dashed line), where dominant supply shocks are due to the conversion of corn to ethanol so that price changes are proportional to ethanol production (see Lagi et al. 2012 [22] for further details).