Global Biofuel Output To Soar In Next Decade-Report
Global production of biofuels will rise rapidly over the next decade, helped by high government blending targets and subsidies, the OECD and the UN's FAO food agency said in a report published on Thursday. These rises will boost already soaring world agricultural commodities prices and reduce their availability for food and feed, the Organisation for Economic Co-operation and Development and the Food and Agriculture Organisation said in co-drafted report.