AreaBrazil

Commodity GroupBiofuels

CommodityBiodiesel

Date01/10/2020

Policy CategoryRenewable energy

Policy InstrumentBioenergy policies

DescriptionConcerned about possible shortfalls in biodiesel supplies stemming from reduced domestic soybean availabilities, approved a cut in the mandatory biodiesel blending rate from 12 percent to 11 percent during the period November–December 2020. Worried about the impact of persistently high soyoil and biodiesel prices on the country’s inflation rate, authorized fresh cuts in the blending rate – from 13 percent to 10 percent – during the period May–August 2021.

NotesBRAZIL – biodiesel policy (blending rate): Following a number of earlier brief reductions in the country’s mandatory biodiesel blending rate, on 7 October, Brazil’s regulatory agency for petroleum, biofuel and gas (ANP) approved a cut in the blending rate from 12 percent to 11 percent from 1 November through December 2020, citing continued concerns about possible shortfalls in biodiesel supplies stemming from reduced domestic soybean availabilities. (See also MPPU July & Sep.’20)