Oilseeds Likely to Benefit from Boom in Bio-Diesel
As world interest in eco-friendly renewable sources of fuel expands
rapidly, more oilseed production or vegetable oil consumption is going
towards bio-diesel. This trend has implications for world vegetable
oil production and prices in the coming years. Emulating the world`s
largest bio-diesel producers and consumers - European Union and
Brazil, several developing countries have ventured into bio-diesel
production using indigenous plant material. While world production of
oilseeds and palm oil is forecast to expand in 2004-05 to 379 million
tonnes (mt) and 29.8 mt respectively, consumption too is forecast to
grow.


Source: Business Line, New Delhi, 3 August 2004

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