Food price increases projections

World-wide demand for glycerol is projected to be 0.2 Mt in 2007 and is forecasted to grow by 2.2% per year, driven mainly by personal care and food products [10]. If the target of the European Union directive is achieved, European biodiesel demand could increase to 10 Mt per year by 2010, resulting in 1 Mt of glycerol [2]. The price of glycerol has already fallen by 50% over the past ten years [10, 11]. Thus, the application of glycerol, obtained from the biodiesel process,... 

A few years ago the sulfiir and acid prices saw a peak of about 200 per ton in many parts of the world. At these prices the economics of the new plants became questionable. The market has however corrected itself Nevertheless, when growth in the developing world is considered along with the requirement for fertilizer for their food security, it is projected that there will be corrections in the coming years for the acid price. Therefore it was of interest to develop an alternate process less dependent on sulfuric acid, the demand of which is expected to increase in the developing economies. This new innovative process is based on Chloride hydrometallurgy, which will be described in the next section. This process is applicable to both high and low iron laterite ores. 

In Bangladesh the area under jute cultivation is projected to contract from 447,000 hectares to 387,000 hectares by 2010, as producers respond to lower market prices and allocate land to competing food crops. The contraction of the land under jute will be partly offset by increased yields. Yields are projected to increase from the 1998-2000 average of 1.70 tonnes per hectare to 1.76 tonnes per hectare in 2010. As a consequence, production is expected to decline by 1.9% annually from 768,000 tonnes in 1998-2000 to 681,000 in 2010. 

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