If it were only for biofuels, inflation would have been restricted to only those crops that are used for biofuels or to those countries that use food crops for biofuels.

Take the example of India. India has a surplus for most food crops. It has even banned exports of many types of commodities.

Also, India uses sugarcane to produce ethanol. Sugarcane has a large over-supply.

and yet the prices of most foods are shooting up in India.

In my opinion, biofuels are the only solution to world’s energy problems.

An Indian firm Praj Industries has developed a new technology to make biofuels from non-food feedstocks.

Many other companies are also working in this direction.

I think second-generation biofuels hold a lot of promise.