BURNING FOOD FOR FUEL

India Bans Sugar Exports for Four Months to Protect Supply

Funds have almost tripled their net bets on soyabean oil, which is used to produce biodiesel,...In corn, an ingredient in ethanol, they have switched from being positioned for falling prices to their highest level of positive bets this year.

...demand is growing for corn, sugar and vegetable oils, as governments seek to reduce dependence on imported hydrocarbons by expanding domestic biofuel production

“If you . . . see crops being used for energy rather than food, then, surely . . . we’re heading straight into a food crisis,” said Neuberger Berman’s Kaya. [And world is Waiting for El Nino (super?]