Biofuel Demand Hikes Agriculture Prices
July 6, 2007| |
World prices for many food products could increase due to greater demand for biofuels. Long term changes in markets are also due to reduced crop surpluses and a decline in export subsidies. The Organization for Economic Cooperation and Development (OECD) and the Food and Agriculture Organization (FAO) set this scenario in OECD-FAO Agricultural Outlook 2007-2016.
The growing use of cereals, sugar, oilseed and vegetables oils for ethanol and bio-diesel are changing crop prices and indirectly through higher animal feed costs and livestock products. In the US alone, annual maize-based ethanol output is expected to double between 2006 and 2016. Added to this are temporary factors like droughts in wheat-growing regions and low stocks accounting for the recent increases in farm commodity prices.
For more information, contact Erwin Northoff of FAO at Erwin.northoff@fao.org or visit
http://www.fao.org/newsroom/en/news/2007/1000620/index.html.
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- Biofuel Demand Hikes Agriculture Prices
- Non-Toxin Strains of Aspergillus to Fight Off Toxic Relatives
- GM Planting in U.S. Increasing
- New High-Yielding Edible Bean Resists Bacterial Disease
- DuPont Completes Regulatory Filings for Optimum™ GAT™ Trait in Corn
- GM Transgenic Events Approved in the Philippines
- Australia to Conduct First GM Wheat Field Trial
- Vietnam to Link with EU on S & T
- EFSA Reaffirms Risk Assessment of GM Maize MON 863
- EU Trade Commissioner Defends Open EU Approach to Biotech, GM Food
- Scientists Study Root Growth, Function, for Improved Crops
-
Research Highlights
- New Role of Pea “Large” G-Proteins in Salinity and Heat Stress Tolerance
- Production of Inulin Prebiotic in GM Maize, Potato
- Flowering Onset in Oil Palms, Control Genes Reviewed
- Bacteria to Help Produce Water and Nitrogen Use Efficient Plants
-
Announcements
- International Symposium of Rice Functional Genomics
- Harnessing the Potential of Agricultural Biotechnology for Europe
-
Resources
- Revised Pocket K 2: Plant Products of Biotechnology Now Available
-
Read the latest: - Biotech Updates (April 17, 2024)
- Gene Editing Supplement (April 10, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet