EU Agriculture Report Predicts Increased Ethanol Production
From Ethanol Producer
By Erin Voegele
A recent report issued by the European Commission’s Agricultural and Rural Development department predicts that the medium-term outlook for arable crops in the European Union is relatively positive due to solid world demand and firm prices. Demand for food and feed are expected to increase only marginally in the E.U. through 2023. The biofuels market is described as the most dynamic demand factor.
The report, titled “Prospects for Agricultural Markets and Income in the EU 2013-2023,” assumes that progress towards meeting the 10 percent target set in the Renewable Energy Directive will continue, and by 2020 biofuels will comprise 8.5 percent of liquid transportation fuels.
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