The rapidly growing biofuel market will keep farm commodity prices high over the next decade, a key study has said.According to the report, co-written by the Organisation for Economic Development (OECD), biofuels will have a major impact on the farming sector.
Even without demand for the "green" fuel, recent falls in output - thanks to drought and low stocks - will keep prices high, the report added.
The study predicts prices will rise by between 20% and 50% by 2016.
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