Brazil to Increase Biodiesel Blend

Brazil is set to increase biodiesel blending to 12% of diesel fuel mix consumption (B12) in March 2020, its second increase in less than a year, a Reuters report said recently.  Analysts, producers and government officials forecast the country introducing B12 March 2020 after an increase from 10% to 11% in September.  They saw Brazil reaching B15 by 2023 and were discussing the path to higher blends after that.  The higher blend would boost local demand for soybeans, since 80% of Brazil’s biodiesel was made from soyabean oil, and it would also reduce imports of petroleum-based diesel fuel.