Experts: EU, US must reconsider biofuel policy

BRUSSELS, Belgium (AP)

EU agriculture commissioner Mariann Fischer Boel responded by promising to present plans next Tuesday for new financial aid to farmers in developing countries to buy fertilizers and seeds to boost production. She gave no details on the value of the package but said it would come from unspent EU farm funds.

Fertilizer prices in particular have shot up at an even faster rate than food prices over the last 18 months, making it difficult for Third World countries to increase agricultural output, the U.N. Food and Agriculture Organization said.

Associated Press