PARIS (Reuters) - Global production of biofuels is forecast to rise rapidly in the next decade, helped by high government blending targets, the OECD and the UN's FAO food agency said in a report published on Thursday.

"Increased blending mandates should stimulate demand and boost international trade in the initial years of the (2008-2017) outlook," the report said.

Global ethanol production was projected to reach some 125 billion liters in 2017, twice the quantity produced in 2007. ... Read full article