Biofuel use pushes up food prices: Is demand here to stay?

The prices of vegetable oils, corn, palm oil, sugar and soybean oil have all been driven up by the war in Iran. But such short-term demand is not the whole story; regulations around the world are pushing the demand for biofuels to become structurally entrenched. It is not only crises such as the closure of the Strait of Hormuz that increase demand.