date:Jul 14, 2014
their policies on biofuels, which opponents say contribute to price inflation by consuming feedstocks that could be used for food.
Part of the reason why we had the spikes and hikes in the prices was because we were burning food. Now I think we have gotten wiser about that, Gurria said.
Biofuel output growth is expected to slow by 2023.
In line with lower growth in production and consumption, trade will rise more slowly in the next decade. Grains and meat trade are set to advance 1.5 percent