A new report from the Union For The Promotion Of Oil And Protein Plants E.V, a Germany-based trade association for biofuels and grain farmers, said global production of grain in the 2017/18 marketing year is estimated at 2.1 billion metric tons.

It said the production of these grains are mainly intended for human consumption with a small percentage (8 percent) being used as a feedstock for biofuel production.

The report also said land used for agriculture in the northern hemisphere has been decreasing due to higher yields. Moreover, it said, only 4 percent of global agricultural land is used for biofuel production.

Lastly, it said biofuels have played an important role in stabilizing prices for farmers and reducing the oversupply of grains.

Read the full report here.