Climate change, biofuels and the oilseed complex: implications for global feed markets
Aaron Hanson, GlobalData
On top of changing dietary patterns as the world grows richer, agricultural markets are being impacted by a new wave of biofuels mandates and targets aimed at mitigating climate change. Although cereals are part of this, the main expected impact will be on demand for vegetable oils. Due to regulations constraining the ability of palm to meet the new vegetable oil demand, the sector is likely to fall back on the oilseeds, especially soybeans. The large volumes of protein meal generated as by-products of this oil demand will in turn alter feed ration practices in the livestock industry.
Keywords: Biofuels, animal feed, oilseeds.