USDA Releases Economic Information Bulletin On International Biofuel Use
On September 1, 2015, the U.S. Department of Agriculture's (USDA) Economic Research Service released the information bulletin "Biofuel Use in International Markets: The Importance of Trade." The report reviews global biofuel production from 2001 to the present, including economic impacts of the Renewable Fuel Standard, biofuel exports in the U.S., and the future prospects of the U.S. biofuel trade. Biofuel production has increased dramatically from 2001 to 2013, with the fastest growth occurring before 2011. The report stresses that as biofuel production is growing at a slower pace, it is imperative to focus on energy policies to sustain production while moderating prices and saturation in order to maintain favorable market conditions.