According to an overseas media report on May 31, the OECD and the United Nations World Food and Agriculture Organization (FAO) stated in a report issued on May 29 that the government’s high biofuel blending target and high subsidies With the help of this, global biofuel production will increase rapidly over the next 10 years.
The UN Food and Agriculture Organization and the Organisation for Economic Co-operation and Development (OECD) report in this jointly drafted report that the increase in global biofuel production will further increase the prices of already-increasing world agricultural commodities and reduce their usefulness.
According to the most conservative estimate, the world’s biofuel production will more than double in the next 10 years, agriculture will face, according to a report by the FAO-based Director-General of the World Food and Agriculture Organization, Jacques Diouf, at a Paris delegation. The pressure will be further intensified.
Diouf said that global ethanol production is expected to reach approximately 125 billion liters in 2017, which is twice the world's ethanol production in the last year.
According to the report, the global production of biodiesel is expected to increase from 11 billion liters at the end of 2007 to 24 billion liters by 2017.
The UN Food and Agriculture Organization and the Organisation for Economic Co-operation and Development (OECD) report in this jointly drafted report that the increase in global biofuel production will further increase the prices of already-increasing world agricultural commodities and reduce their usefulness.
According to the most conservative estimate, the world’s biofuel production will more than double in the next 10 years, agriculture will face, according to a report by the FAO-based Director-General of the World Food and Agriculture Organization, Jacques Diouf, at a Paris delegation. The pressure will be further intensified.
Diouf said that global ethanol production is expected to reach approximately 125 billion liters in 2017, which is twice the world's ethanol production in the last year.
According to the report, the global production of biodiesel is expected to increase from 11 billion liters at the end of 2007 to 24 billion liters by 2017.