Dec 07 2012
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Global food production to slow following boom: UN report
ROME -- Global food production will slow over the coming decade following an exceptional but unsustainable rate of growth in developing countries, with more investment needed in the sector, the UN's food agency said yesterday. "The average annual growth in global agricultural production through 2021 will slow to 1.7 per cent, down from the 2.6 per cent of the previous decade," the Food and Agriculture Organisation said in its yearly report.
Biofuel production has also expanded rapidly over the past 10 to 15 years, particularly in the United States, Brazil and the European Union (EU), it said. Ethanol production in the United States shot up by 780 per cent over the last 12 years while in Brazil it grew by 140 per cent. This year, it absorbed over 37 per cent of coarse grain crop in the United States and over 50 per cent of Brazil's sugar cane crop. Biodiesel production absorbed almost 80 per cent of the EU vegetable oil production. In countries such as Australia and Canada, growth in the biofuel sector has been strong, although less than in the primary producing countries.
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