The corn farmers should be happy...
2008 FAPRI Outlook Shows New Bioenergy Mandates Sustain Historically High Commodity Prices
Contacts:
Jacinto Fabiosa; jfabiosa@iastate.edu
Dermot Hayes; dhayes@iastate.edu
Sandra Clarke; sclarke@iastate.edu
March 5, 2008
WASHINGTON — Continuing high crude-oil prices and new bioenergy mandates, such as the U.S. Energy Independence and Security Act of 2007, are expected to sustain prices at historic highs across all agricultural commodities over the next decade. This is according to analysts with the Food and Agricultural Policy Research Institute, or FAPRI, who briefed Congress this week on their new 10-year projections for U.S. and international commodity markets.
Global net trade in ethanol is projected to increase by 2.53 billion gallons, reaching...(complete article here).
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