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Page added on November 30, 2006

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Opportunity knocks for biofuels industry

Oil prices have eased in recent weeks on the international markets, but the same cannot be said for agricultural commodities.
World stocks of cereals are at their lowest level for more than 20 years, and supply and demand is expected to tighten over the next 12 months.
As Western nations look to reduce their dependence on oil from the Middle East, biofuel production is set to increase dramatically over the next few years.
That pattern is common throughout the European Union, with the result that the market for all grains is now at its highest level for more than a decade.

The Herald

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