The global biofuels industry in the first half of calendar year 2018 will once again be safe from supply-side shocks on the feedstock markets, current projections show. At the same time, 2018 could bring key changes with regards to long-term biofuel targets in the European Union and Brazil, while the Renewable Fuel Standard (RFS) in the United States may come under attack again.
Feedstocks and fossil energy values – no bull markets on the cards
The 2017/18 balances for the individual feedstocks are no cause for alarm for the biofuel sector, but it is much too early to project another bear market for 2018/19. The 2017/18 season has brought a record wheat harvest in Russia and above average results in Argentina, the EU and Ukraine. At the same time, the output of corn in the United States remained strong, and so is the outlook for Argentina. Weaker results for wheat in Australia… download full report to keep reading
