Oil prices, biofuels production and food security: past trends and future challenges

To, Hang; Grafton, R. Quentin

doi:10.1007/s12571-015-0438-9

Cited by 53 publications

(17 citation statements)

References 34 publications

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“…Cross-sectoral effects (and ensuing policy failures) highlight the need to take account of these effects when designing sustainable food policies [63]. From a wider perspective, it is also imperative to consider trade-offs and synergies relating to the water-energy-food nexus [4,64], e.g., the effect of biofuel production on food security [65]. Previous research has identified food policy silos, which can prevent an appropriate response to issues that transcend specific sectors [64].…”

Section: Discussion and Recommendationsmentioning

confidence: 99%

Stakeholder Perceptions of Policy Tools in Support of Sustainable Food Consumption in Europe: Policy Implications

et al. 2020

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Transitioning agri-food systems towards increased sustainability and resilience requires that attention be paid to sustainable food consumption policies. Policy-making processes often require the engagement and acceptance of key stakeholders. This study analyses stakeholders’ solutions for creating sustainable agri-food systems, through interviews with a broad range of stakeholders including food value chain actors, non-governmental organizations, governmental institutions, research institutions and academic experts. The study draws on 38 in-depth, semi-structured interviews conducted in four European countries: France, Iceland, Italy and the UK, as well as three interviews with high-level EU experts. The interviewees’ solutions were analysed according to a five-category typology of policy tools, encompassing direct activity regulations, and market-based, knowledge-based, governance and strategic policy tools. Most of the identified solutions were located in the strategic tools category, reflecting shared recognition of the need to integrate food policy to achieve long-term goals. Emerging solutions—those which were most commonly identified among the different national contexts—were then used to derive empirically-grounded and more universally applicable recommendations for the advancement of sustainable food consumption policies.

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Section: Discussion and Recommendationsmentioning

confidence: 99%

Stakeholder Perceptions of Policy Tools in Support of Sustainable Food Consumption in Europe: Policy Implications

et al. 2020

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“…Because these resources are limited, the expansion may lead to the reduction of food crop supplies (Büyüktahtakın and Cobuloglu 2015;De Martino Jannuzzi 1991;Fradj and Jayet 2016;Herrmann et al 2017). To and Grafton (2015) provided evidence that a global increase in oil price and biofuel demand has contributed a significant role in agricultural commodity price fluctuations.…”

Section: Literature Reviewmentioning

confidence: 99%

Modeling the Impact of Agricultural Shocks on Oil Price in the US: A New Approach

Hồ

et al. 2019

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The current literature has generally considered prices of the agricultural commodity as an endogenous factor to crude oil price. As such, the role of the agricultural market in the energy sector has been largely ignored. We argue that the expansion of agricultural production may trigger a significant increase in oil price. In addition, the world has recently witnessed a growth in biofuel production, leading to an increase in the size of the agricultural sector. This study is conducted to examine the impact of different agricultural shocks on the oil and agricultural markets in the US for the period from 1986 to 2018. The study utilizes the Structural Vector Autoregressive (SVAR) model to estimate the relationship between the agricultural market and the crude oil market. Moreover, the variance decomposition is also used to quantify the contribution of agricultural demand shocks on oil price variations. Findings from this paper indicate that different agricultural shocks can have different effects on oil price and that corn use in ethanol plays an important role in the impact of corn demand shocks on oil price. We find evidence that the agricultural market can have an impact on oil prices through two main channels: indirect cost push effect and direct biofuel effect. Of these, the biofuel channel unexpectedly suggests that the expansion of bioethanol may in fact foster the dependency of the economy on fossil fuel use and prices.

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“…This could lead to an increase in food prices if unchecked. Economic models are developed to analyze the effect of the biofuel expansion, land use allocation, and biofuel-food price interactions [79][80][81][82][83][84][85]. These models are also used to address uncertainties related to iLUC emissions [86,87].…”

Section: Ghg Emissions From Luc and Biodiesel Productionmentioning

confidence: 99%

Evaluating the palm oil demand in Indonesia: production trends, yields, and emerging issues

2018

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This paper investigates the development of domestic and international demand for Indonesian palm oil, in line with national biofuel mandates and established export markets. Domestic demand for palm oil for (i) achieving biodiesel targets and (ii) meeting food and industrial uses will reach 20 million tonnes by 2025, equivalent to 61% of Indonesian production in 2014. Thus, it is possible for Indonesia to be self-sufficient, reaching the biodiesel targets without increasing plantation areas. However, to meet both domestic and international demand, a total 51 million tonnes of crude palm oil will be needed in 2025. This requires additional land of up to 6 million hectares with current yields. The expansion of oil palm plantations in Indonesia has led to debates related to deforestation, threatened biodiversity, and greenhouse gas emissions. We show that increasing agricultural yields could serve the purpose, benefiting biodiesel production while reducing the need for new land. Therefore, we recommend that the ambitious Indonesian biodiesel mandates are pursued in combination with a strategy for increased productivity in palm oil production, utilization of degraded land to contain greenhouse gas emissions, and use of palm oil biomass residues for energy production.

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Oil prices, biofuels production and food security: past trends and future challenges

Cited by 53 publications

References 34 publications

Stakeholder Perceptions of Policy Tools in Support of Sustainable Food Consumption in Europe: Policy Implications

Stakeholder Perceptions of Policy Tools in Support of Sustainable Food Consumption in Europe: Policy Implications

Modeling the Impact of Agricultural Shocks on Oil Price in the US: A New Approach

Evaluating the palm oil demand in Indonesia: production trends, yields, and emerging issues

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