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The Rise of 'Agflation'

Thursday, 28 Feb 2008 | 7:45 PM ET

Biodiesel is unsustainable, contributing to the rise of 'agflation'. Feedstock costs have escalated sharply, hurting producers' bottomline. Nirgunan Tiruchelvam, equities analyst at ABN AMRO Asia Securities, discusses this phenomenon with CNBC's Sri Jegarajah and Martin Soong.