Palm and rapeseed seen fencing in biofuel race

From Europe to Asia, green fuel plants are being put up at a dizzying pace as the world is told it cannot live without cheaper and renewable energy from vegetable oils with rising prices of crude oil.

But few proponents of the projects are saying how much higher prices of rapeseed oil and palm oil – which are bound to rise with their increased use for biodiesel — could go before they become too expensive for burning or eating.

Also, it’s unknown if there’ll be enough production of the edible oil in the future as people depend on them for both uses.

Reuters