Russia, biofuel demand and government intervention to shift grain market fundamentals

By Dennis Voznesenski, Rabobank
June 23 2022 - 1:00am
IMPACT: The growth of biofuel demand for grains and oilseeds globally has had a significant impact on global markets over the past two decades. In Europe - Australia's biggest canola export destination - as a consequence of the Russian-Ukraine war impacts, government are re-examining the use of crops to generate fuel. Photo: Shutterstock

Russia's invasion of Ukraine has "rattled and shaken" global grains markets in the here and now, but potential longer-term structural changes should also be on the radar as governments respond to the crisis.