Resumen de Biofuel production and its impact on international agricultural prices
Julieta Sánchez, Yeni Estrella Rodríguez Cisneros, Leticia Moreno
In this paper we analyze a series of time showing the volatility of prices of basic foods and explores their correlation with the production of biofuels. Therefore, it is necessary to analyze the production chain, from the evolution of oil prices and the way in which the high prices of this resource becomes an incentive to increase the production of biofuels, which in turn affects increased demand for agricultural commodities as inputs for the production of energy, with parallel effects to increased international agricultural prices, generating strong impacts on food markets and trade balance of many countries.
