Analysis, including that undertaken in this Outlook, contends that most biofuel production is driven by policies aimed at energy security, rural development and climate change. Given the prospects of higher oil prices, the value of feedstock crops in the energy market may exceed their value in the food, feed or fibre markets, putting increased pressure on commodity prices as well as increasing the link with energy markets. Should recent volatility in world oil prices continue, this will contribute to further increases in food price volatility, especially if prices rise to levels where biofuel production becomes profitable without subsidies and more prevalent around the globe.