Agricultural Commodity Prices
Although global agricultural commodity prices have come off recent peaks, food price inflation remains a concern in developing countries; and over the next ten years, agricultural prices are expected to remain on a higher plateau even as energy price levels and volatility are seen to condition the outlook, according to the latest OECD-FAO Agricultural Outlook 2012-2021.
The expanding biofuels sector is set to absorb a larger share of crop production. The global production of bio-ethanol and biodiesel is projected to almost double by 2021, and will be heavily concentrated in Brazil, the US and the European Union.
In other words, there will be greater diversion of cane, corn and wheat as feedstock for bio-ethanol and oil crops (palm, soya, rape etc.) as feedstock for biodiesel.
The biofuel sector is largely driven by a system of mandate (compulsory use for consumers) and incentives (for producers). The reportprojects consumption of a growing share of the global production of sugarcane (34 per cent), vegetable oils (16 per cent) and grains (14 per cent) for biofuels by 2021.
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Although global agricultural commodity prices have come off recent peaks, food price inflation remains a concern in developing countries; and over the next ten years, agricultural prices are expected to remain on a higher plateau even as energy price levels and volatility are seen to condition the outlook, according to the latest OECD-FAO Agricultural Outlook 2012-2021.
The expanding biofuels sector is set to absorb a larger share of crop production. The global production of bio-ethanol and biodiesel is projected to almost double by 2021, and will be heavily concentrated in Brazil, the US and the European Union.
In other words, there will be greater diversion of cane, corn and wheat as feedstock for bio-ethanol and oil crops (palm, soya, rape etc.) as feedstock for biodiesel.
The biofuel sector is largely driven by a system of mandate (compulsory use for consumers) and incentives (for producers). The reportprojects consumption of a growing share of the global production of sugarcane (34 per cent), vegetable oils (16 per cent) and grains (14 per cent) for biofuels by 2021.
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
Agricultural Commodity Prices
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