# Brazil’s Rising Biodiesel Mandate to Slow Soyoil Exports - AgWeb

> Brazil's biodiesel blend rises to B14 on March 1 and is set to reach B15 in 2025, with Congress considering B20 or B25. The domestic soyoil market is paying about 2.5 cents per lb more than the export market, which could sharply curtail Brazilian soyoil exports.

- Date: 2024-02-21 · published 2024-02-21T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/31770-brazil-s-rising-biodiesel-mandate-to-slow-soyoil-exports-agweb
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Less Brazilian soyoil reaching export markets tightens global vegetable oil supply and supports soyoil prices. Argentina is likely to gain export share, which partly offsets the effect.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 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) | -1.0% | -3.0% |
| SBO | 2023-05-17 | [Malaysia Says Committed to Raising Palm Oil Biodiesel Mandate](https://feedsoft.ai/events/15734-malaysia-says-committed-to-raising-palm-oil-biodiesel-mandate.md) | +1.5% | +14.0% |
| SBO | 2024-09-28 | [Indonesia's palm oil exports to decline amid rising domestic demand for biodiesel I I Bioenergy Business](https://feedsoft.ai/events/15616-indonesia-s-palm-oil-exports-to-decline-amid-rising-domestic-demand-for.md) | +0.5% | +2.2% |
| SBO | 2023-04-12 | [Drought, Biodiesel Impacting Soyoil Prices, Exports - Pro Farmer](https://feedsoft.ai/events/15318-drought-biodiesel-impacting-soyoil-prices-exports-pro-farmer.md) | +0.8% | -3.3% |
| SBO | 2022-07-13 | [Palm rises on Indonesia’s biodiesel mandate, lower exports cap gains - Markets - Business Recorder](https://feedsoft.ai/events/15804-palm-rises-on-indonesia-s-biodiesel-mandate-lower-exports-cap-gains-markets.md) | +0.0% | +4.2% |
| SBM | 2018-11-09 | [Brazil biodiesel group seeks 10-pct retention on soy export earnings - Ubrabio](https://feedsoft.ai/events/62127-brazil-biodiesel-group-seeks-10-pct-retention-on-soy-export-earnings-ubrabio.md) | -0.2% | +0.6% |
| SBM | 2021-01-26 | [U.S. soy oil plays vital role in biodiesel, export markets \| National \| farmweeknow.com](https://feedsoft.ai/events/49247-u-s-soy-oil-plays-vital-role-in-biodiesel-export-markets-national-farmweeknow.md) | +0.8% | -1.2% |
| SBM | 2020-09-15 | [Spotlight on Brazilian soy exports to France - EU REDD Facility](https://feedsoft.ai/events/51144-spotlight-on-brazilian-soy-exports-to-france-eu-redd-facility.md) | +5.4% | +12.8% |

## Sources

- agweb.com: https://www.agweb.com/markets/pro-farmer-analysis/brazils-rising-biodiesel-mandate-slow-soyoil-exports

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