WORLD BANK SAYS COTTON OIL UNLIKELY TO BECOME POPULAR BIOFUEL FEEDSTOCK
July 1st, 2010
BY KEITH NUTHALL
THE WORLD Bank has predicted "biofuels is unlikely to become a new source of growth for the cotton oil market". The verdict comes in a report analysing cotton by-product industries in Uganda, Tanzania, Benin, and Burkina Faso. The bank says other oils are likely to meet "the recent surge in demand for commodities used as feedstocks for biofuels".
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THE WORLD Bank has predicted "biofuels is unlikely to become a new source of growth for the cotton oil market". The verdict comes in a report analysing cotton by-product industries in Uganda, Tanzania, Benin, and Burkina Faso. The bank says other oils are likely to meet "the recent surge in demand for commodities used as feedstocks for biofuels".
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