The biofuels chapter describes the market situation and the latest set of quantitative medium-term projections for global and national biofuel markets for the ten-year period, 2014-23. It covers the developments expected in world and national ethanol and biodiesel prices, production, use, trade and stocks.The chapter concludes with a discussion of some of the main issues and uncertainties that may have an impact on the medium-term outlook for biofuels. These include biofuel policies and specific market developments influencing production, consumption and trade in biofuels.