Biodiesel prices in Brazil had fallen nearly 7% this year as of early March, according to regulator ANP. Due to a record soybean harvest and a drop in the international price of soybean oil, the main raw material for biofuels, the market expects that prices could go further down.
Experts also point out that the biodiesel blend in Brazilian diesel fuel is currently maintained at 14%. According to the original plan, this proportion should be increased to 15% from the beginning of March, but due to inflationary pressures, the Brazilian government decided not to adjust the blend ratio.
The average price of biodiesel in Brazil has fallen to R$5.797 per liter, reaching its lowest level since the end of October 2024, according to a survey released this week by ANP. This compares with a price that hovered near a nearly three-year high last year.
