date:Oct 16, 2012
n in the previous five years. The reduction is expected to be driven by the biodiesel sector.
In many parts of the world, such as the European Union and the United States, there is waning support for biofuels as higher vegetable oil prices have combined with relatively low crude oil prices to squeeze margins, and government support proves costly in challenging economic circumstances.
Demand growth has proven to be resilient to economic crises and higher prices. This is because vegetable oils a