Biotech Updates

Record High Global Oilseed Production Projected

May 15, 2009
http://www.biofuels-news.com/industry_news.php?item_id=833

The Biofuels International website reports that global oilseed production is expected to reach a record high of 422.1 million tons in 2009, up from 25.9 million tons in the previous year. The record increase is attributed to the increased demand of the commodity for biofuel production. (The oils obtained from many of the oilseeds are raw materials for the production of biodiesel). The top countries with the highest demand for oilseeds are China, India and the European Union..