Merrill Lynch launched MLCX Biofuels Index to track biofuels feedstock prices

Merrill Lynch & Co has launched the MLCX Biofuels Index to track seven commodities including sugar, corn and rapeseed as well as gasoline and diesel; holdings are based on production and energy density.

Major feedstocks such as corn and wheat have seen price fluctuations of more than 200% in the past five years.

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