OECD AGRICULTURAL STATISTICS SAY BIOFUELS WILL INFLATE SUGAR PRICES
July 1st, 2007
BY KEITH NUTHALL
INCREASED demand for bio-fuels could drive up world prices for many farm products, notably sugar, according to an Organisation for Economic Cooperation and Development (OECD) and UN Food and Agriculture Organisation report. It predicted that Brazilian annual ethanol production alone would reach 44 billion litres by 2016 from around 21 billion today.
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INCREASED demand for bio-fuels could drive up world prices for many farm products, notably sugar, according to an Organisation for Economic Cooperation and Development (OECD) and UN Food and Agriculture Organisation report. It predicted that Brazilian annual ethanol production alone would reach 44 billion litres by 2016 from around 21 billion today.
ENDS
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