Accelerated biofuel mandates risk tightening global crop markets through 2030: report

AI Summary

Accelerated biofuel mandates may increase competition for corn, rice, sugar, and vegetable oils through 2030, risking tighter global crop markets and higher agricultural commodity prices. The increased demand is linked to efforts to reduce oil supply disruptions.

Accelerated biofuel mandates could intensify competition for corn, rice, sugar crops and vegetable oils through 2030, potentially raising agricultural commodity prices as governments seek to reduce their exposure to oil-supply disruptions, according to new research from Chatham House and the Forest Stewardship Council. Expanded biofuel targets could generate demand for an additional 36 million hectares ...