THE GLOBAL WINDOW OF TURKISH FOOD AND AGRICULTURE The Global Window of Turkish Food and Agriculture Sector
Related Articles
Rising oil prices and concerns over energy supply have reignited interest in biofuels, whilst the impact of this situation on food prices has once again become a topic of debate. In particular, the increased use of agricultural products such as maize, sugar cane, palm oil and vegetable oils in energy production is putting pressure on global food costs.
The balance between food and energy is back on the agenda…
An analysis published in FoodNavigator notes that agricultural raw materials used in biofuel production have become more expensive due to rising demand. It is reported that 39–44 percent of biodiesel production in the European Union (EU) is sourced from agricultural raw materials, whilst in the US this proportion is even higher. Furthermore, approximately 16 percent of global maize production and 22 percent of sugarcane production is directed towards ethanol production.
It is also emphasised that the rise in oil prices has made biofuels more economically attractive. It is noted that following geopolitical tensions centred on Iran and disruptions in energy supply chains, many countries have turned to increasing their use of biofuels. According to Reuters, Asian countries are accelerating their biofuel policies to reduce their dependence on energy imports.
Experts are drawing attention to the long-term impact…
The analysis highlights that demand for biofuels is no longer merely a temporary trend. It is noted that mandatory biofuel policies implemented in countries such as the European Union, Brazil and Indonesia could permanently surge demand for agricultural commodities in the long term. It is suggested that this situation could lead to new fluctuations, particularly in vegetable oil and grain prices…
