Publisher: OECD Publishing
ISSN: 1608-0203
Source: SourceOECD Industry, Services & Trade, Vol.2012, Iss.6, 2012-07, pp. : 76-106
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
Biofuels were added to the Outlook in 2008 as an emerging sector that would increasingly affect agricultural markets. This has certainly turned out to be the case with currently some 65% of EU vegetable oil, 50% of Brazilian sugarcane, and about 40% of US corn production being used as feedstock for biofuel production. Today, it would be inconceivable to prepare an agricultural projection without taking biofuels into account. The biofuels chapter has been expanded this year to provide a more detailed description of the very complex US biofuel policy and an analysis of the policy options facing the US Environmental Protection Agency over the medium term.
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