Rising energy prices driving up food costs, threatening global food security
Energy prices have a big impact on food prices in Asian countries. Oil prices especially affect agricultural food prices, explaining a significant amount of their variability. It's important to use a mix of renewable and nonrenewable energy sources to ensure food security. Biofuel prices also play a role in food price increases, but to a lesser extent. The demand for biofuel could lead to higher food prices globally, especially in vulnerable economies.