# Brazil spot diesel market drops on global downturn, ample supply

> Brazil's spot diesel market weakened on October 28 as ample supply and falling international prices led sellers to accept steeper discounts. Cargoes at Paranaguá and Santos were offered at discounts to Petrobras reference prices.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/28039-brazil-spot-diesel-market-drops-on-global-downturn-ample-supply
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lower Brazilian diesel prices reduce transport and farm input costs for feed production there, but the impact on grain and feed prices is limited.

## Read by commodity

- DIESEL: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/refined-products/102824-brazil-spot-diesel-market-drops-on-global-downturn-ample-supply

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.