# Viewpoint: Brazil biodiesel input demand, risks to rise | Latest Market News

> Brazil increased its biodiesel blend mandate to 14% from 12% starting March, accelerating the schedule. Argentina's soybean crop is forecast to rebound to 48mn t, and unfavorable weather threatens Brazil's soybean crop. Beef tallow exports are surging.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/31309-viewpoint-brazil-biodiesel-input-demand-risks-to-rise-latest-market-news
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Higher Brazilian biodiesel demand and tighter tallow and soyoil supplies raise feedstock costs, while an Argentine rebound offers some offset in soymeal supply.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-03-25 | [Biodiesel to drive 2025 palm oil prices: IPOC \| Latest Market News](https://feedsoft.ai/events/15660-biodiesel-to-drive-2025-palm-oil-prices-ipoc-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2024-03-25 | [Indonesia targets 50pc biodiesel blend in 2026 \| Latest Market News](https://feedsoft.ai/events/15658-indonesia-targets-50pc-biodiesel-blend-in-2026-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2024-03-25 | [Indonesia sets biodiesel production volumes for B50 \| Latest Market News](https://feedsoft.ai/events/15657-indonesia-sets-biodiesel-production-volumes-for-b50-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2024-03-25 | [US mandates record-high biofuel use: Update \| Latest Market News](https://feedsoft.ai/events/15233-us-mandates-record-high-biofuel-use-update-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2020-12-23 | [Brazil’s biodiesel blend rises to 13% in March - Biofuels International Magazine](https://feedsoft.ai/events/49519-brazil-s-biodiesel-blend-rises-to-13-in-march-biofuels-international-magazine.md) | +5.2% | +4.8% |
| SBM | 2023-12-22 | [Brazil's additional biodiesel demand to hit soyoil, soybean exports - analysts](https://feedsoft.ai/events/32777-brazil-s-additional-biodiesel-demand-to-hit-soyoil-soybean-exports-analysts.md) | -1.9% | -7.5% |
| SBM | 2019-09-25 | [Brazilian veg oil industry sees demand rising 20% in 2020 thanks to B12 mandate  : The Daily Digest](https://feedsoft.ai/events/57164-brazilian-veg-oil-industry-sees-demand-rising-20-in-2020-thanks-to-b12-mandate.md) | +2.9% | +3.9% |
| SBM | 2019-01-03 | [Brazil markets soar as new government vows to shrink state](https://feedsoft.ai/events/12357-brazil-markets-soar-as-new-government-vows-to-shrink-state.md) | +2.6% | -0.3% |

## Sources

- argusmedia.com: https://www.argusmedia.com/en/news-and-insights/latest-market-news/2523918-viewpoint-brazil-biodiesel-input-demand-risks-to-rise

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