Daily News: The demand for agricultural products to produce biofuels is partly to blame for soaring food prices worldwide, but many other factors play a part. One of the other major factors affecting prices is the rising standard of living in the Far East, countries such as China and India, which has led to an increased consumption of meat and growing demand for animal feeds. The demand for feeds has pushed up the price of grains, the staple food of people in many countries. This …