The demand and welfare analysis of vegetable oils, biofuel, sugar cane, and ethanol in Europe, Brazil and the U.S.

The overall objective of this study is to estimate the effect of the biofuel supply expansion on the prices of certain food items and their consumption. In addition, we estimate the welfare effects under different scenarios of policies supporting the biofuel production (mandate, tax credit, and etc.) this study aims to: *To analyze vegetable oils demand in the United States and European countries, and sugar demand in the U.S and Brazil, at the consumer level,

• To examine the effect of biodiesel production on vegetable oil market price and biofuel production on sugar market price in specific countries, and
• To investigate the welfare effect of biofuel production expansion on consumer consumption of edible products derived from biofuel.