FAPRI Briefing Book 2006

Despite continued high energy prices, the Food and Agricultural Policy Research Institute (FAPRI) expects world economic growth to remain strong in the coming decade, at around 3 percent per annum, boosting consumption of vegetable oil, dairy products, and meat in many parts of the world. FAPRI also reports that new policy developments and rising interest in renewable fuels due to high fossil energy costs are expected to boost ethanol and biodiesel markets in the United States, European Union, and Asia.