(Reuters) - But looking ahead, its latest Medium-Term Oil Market Report stated the need for caution and said limited data made prediction difficult.
"Price pressure this year on feedstocks such as corn, sugar, soybeans, wheat and palm oil reinforces our concerns over economic viability due to competition between first-generation biofuels and the food chain," it said.
Read more at Reuters.com Business News
"Price pressure this year on feedstocks such as corn, sugar, soybeans, wheat and palm oil reinforces our concerns over economic viability due to competition between first-generation biofuels and the food chain," it said.
Read more at Reuters.com Business News
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