# Biofuels industry tackles COVID-19, war challenges | World Grain

> The IEA estimates global biofuel production fell 11.6% in 2020 to 146 billion liters due to pandemic lockdowns, recovered to 151.3 billion liters in 2021, and is forecast at 158.6 billion liters for 2022. Rising feedstock prices linked to Russia's invasion of Ukraine and renewed food-versus-fuel debate are pressuring the sector.

- Date: 2022-04-21 · published 2022-04-21T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/15406-biofuels-industry-tackles-covid-19-war-challenges-world-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Rising feedstock costs and debate over blending mandates could limit biofuel output growth, while tight Black Sea and Latin American supplies keep grain and oilseed prices elevated.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-08-23 | [US grain markets bumpy amid global challenges \| World Grain](https://feedsoft.ai/events/34625-us-grain-markets-bumpy-amid-global-challenges-world-grain.md) | +0.4% | -7.9% |
| CORN | 2022-03-16 | [World Bank says Ukraine war may prompt grain shortages in poor countries](https://feedsoft.ai/events/11341-world-bank-says-ukraine-war-may-prompt-grain-shortages-in-poor-countries.md) | +0.1% | +4.8% |
| CORN | 2023-02-27 | [Ukraine seeks changes to the Black Sea Grain Initiative](https://feedsoft.ai/events/14418-ukraine-seeks-changes-to-the-black-sea-grain-initiative.md) | -1.3% | -1.8% |
| CORN | 2022-06-03 | [Feed the world: supply strains from the war in Ukraine - Hatchery InternationalHatchery International](https://feedsoft.ai/events/41042-feed-the-world-supply-strains-from-the-war-in-ukraine-hatchery.md) | +5.5% | +1.1% |
| CORN | 2022-03-31 | [How war, weather, and Covid-19 are rekindling the food vs. fuel debate \| The Counter](https://feedsoft.ai/events/15413-how-war-weather-and-covid-19-are-rekindling-the-food-vs-fuel-debate-the-counter.md) | +4.1% | +5.9% |
| SBO | 2026-07-27 | [Black Sea grain trapped as Russia, Ukraine attacks continue \| World Grain](https://feedsoft.ai/events/14101-black-sea-grain-trapped-as-russia-ukraine-attacks-continue-world-grain.md) | -5.7% | -1.4% |
| SBO | 2022-03-31 | [How war, weather, and Covid-19 are rekindling the food vs. fuel debate \| The Counter](https://feedsoft.ai/events/15413-how-war-weather-and-covid-19-are-rekindling-the-food-vs-fuel-debate-the-counter.md) | +263.8% | +286.3% |
| SBO | 2022-04-20 | [Grain market review: Oilseeds \| World Grain](https://feedsoft.ai/events/41951-grain-market-review-oilseeds-world-grain.md) | +1.3% | -1.8% |

## Sources

- world-grain.com: https://www.world-grain.com/articles/16799-biofuels-industry-tackles-covid-19-war-challenges

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.