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Food vs Fuel V2.0: Impacts of Biofuels on Agricultural Markets and Food Security

GLOBAL | 24 JANUARY 2023 | HYBRID

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Agricultural Market Information System (AMIS)

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With tight global supplies and global food inflation at the highest levels in many years, there is renewed criticism of biofuel policies that divert food and feedstuffs to produce fuels. Biofuel proponents argue that biofuel policies enhance energy self-sufficiency and reduce GHG emissions. This session will review the growth in global biofuel production and examine its impact on demand and market prices for grain and oilseeds.

Welcome Remarks

Market Developments and Medium-Term Projections for World Biofuel Markets (OECD-FAO Agricultural Outlook 2022-2031)

  • Lee Ann Jackson, Head of Division, Agro-food Trade and Markets, Organisation for Economic Co-operation and Development (OECD)

Biodiesel Trends

Trends in US Ethanol Production

  • Patrick Westhoff, Director, Food and Agricultural Policy Research Institute at the University of Missouri (FAPRI-MU)

Discussants

Moderator

  • Seth Meyer, Chief Economist, USDA and AMIS Chair

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