(Bloomberg) -- Cereal, oilseed and sugar prices will
stay close to current levels over the next decade because of
surging demand from biofuel producers, the Organization for
Economic Co-operation and a United Nations agency said.
Ethanol production from corn is forecast to double between
2006 and 2016 in the U.S., the Paris-based OECD and the Food and
Agriculture Organization said today in a report. The output of
biodiesel made from oilseeds in Europe and ethanol from sugar in
Brazil will also soar, they said.
Read more at Bloomberg Commodities News
stay close to current levels over the next decade because of
surging demand from biofuel producers, the Organization for
Economic Co-operation and a United Nations agency said.
Ethanol production from corn is forecast to double between
2006 and 2016 in the U.S., the Paris-based OECD and the Food and
Agriculture Organization said today in a report. The output of
biodiesel made from oilseeds in Europe and ethanol from sugar in
Brazil will also soar, they said.
Read more at Bloomberg Commodities News
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