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Exclusive-Britain, Germany push G7 for halt to biofuel mandates to tame food prices

By Sarah McFarlane LONDON (Reuters) - Officials from some G7 countries, including Germany and Britain, will push for temporary waivers on biofuels mandates to combat soaring food...
Exclusive-Britain, Germany push G7 for halt to biofuel mandates to tame food prices © Reuters.

By Sarah McFarlane

LONDON (Reuters) - Officials from some G7 countries, including Germany and Britain, will push for temporary waivers on biofuels mandates to combat soaring food prices when leaders from the group of wealthy nations meet on Sunday, three people familiar with the matter told Reuters.

The food crisis caused by the war in Ukraine has sparked a food versus biofuel debate, with some policymakers calling for an easing of mandates for blending biofuels into petrol and diesel to increase the supply of global grain and vegetable oil.

"We're quite keen to look at the issue of biofuel mandates to ensure that crops are prioritised for food consumption and not necessarily for use in fuels," a British government official told Reuters.

It's not clear whether there's broad-based support to temporarily waive biofuel mandates across the G7 members which include Canada, France, Germany, Italy, Japan, Britain and the world's largest biofuel producer, the United States. Surging oil and gas prices have also increased the demand for energy sourced from crops.

"The issue of biofuel mandates is at a preliminary stage of discussion at the working level," said a spokesman for Canada's agriculture ministry.

The group begin a three-day meeting in Bavaria, Germany, on Sunday and food security is expected to be on the agenda, after the presidency launched a Global Alliance for Food Security in May to tackle hunger.

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BROKERS ĐƯỢC CẤP PHÉP
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27-06-2022 07:20:58 (UTC+7)

EUR/USD

1.0567

+0.0013 (+0.12%)

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EUR/USD

1.0567

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USD/JPY

135.01

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AUD/USD

0.6939

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42.215

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57.79

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181.20

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102.62

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 EUR/USD1.0567↑ Sell
 GBP/USD1.2284↑ Sell
 USD/JPY135.01Buy
 AUD/USD0.6939↑ Sell
 USD/CAD1.2905↑ Buy
 EUR/JPY142.65↑ Sell
 EUR/CHF1.0117Sell
 Gold1,831.70↑ Sell
 Silver21.165↑ Sell
 Copper3.7555↑ Sell
 Crude Oil WTI105.75↑ Sell
 Brent Oil107.27↑ Sell
 Natural Gas6.202↑ Sell
 US Coffee C223.40↑ Buy
 Euro Stoxx 503,533.17Neutral
 S&P 5003,911.74↑ Buy
 DAX13,118.13↑ Sell
 FTSE 1007,208.81↑ Buy
 Hang Seng21,719.06↑ Buy
 Small Cap 20001,765.74↑ Buy
 IBEX 358,244.10Sell
 BASF42.215↑ Buy
 Bayer57.79↑ Sell
 Allianz181.20↑ Sell
 Adidas170.36↑ Sell
 Lufthansa5.966↑ Sell
 Siemens AG102.62↑ Buy
 Deutsche Bank AG8.919↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,760/ 6,840
(6,760/ 6,840) # 1,696
SJC HCM6,785/ 6,865
(0/ 0) # 1,716
SJC Hanoi6,785/ 6,867
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SJC Danang6,785/ 6,867
(0/ 0) # 1,718
SJC Nhatrang6,785/ 6,867
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SJC Cantho6,785/ 6,867
(0/ 0) # 1,718
Cập nhật 27-06-2022 07:21:00
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Ngoại tệMua vàoBán ra
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EUR23.828,4125.163,09
GBP27.747,3328.930,97
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KRW15,4518,82
Cập nhật lúc 07:15:24 27/06/2022
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