# Argentina to extend duration of higher biodiesel blend, says energy minister - Fastmarkets

> Argentina's energy minister said the government will extend the 12.5% biodiesel blend, which was raised from 5% in June to reduce imported fuel costs. The official decree had not yet been published, and no end date was given.

- Date: 2022-08-25 · published 2022-08-25T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/40124-argentina-to-extend-duration-of-higher-biodiesel-blend-says-energy-minister
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher domestic biodiesel blend absorbs more Argentine soyoil and leaves less for export, which tightens global soyoil supply and supports prices.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-06-17 | [Availability of Biodiesel - Midwest Production Markets Strained - Mansfield Energy](https://feedsoft.ai/events/41033-availability-of-biodiesel-midwest-production-markets-strained-mansfield-energy.md) | -9.1% | -20.0% |
| SBO | 2021-12-01 | [Indonesia to ramp up biodiesel efforts to meet green energy targets,  official says \| Reuters](https://feedsoft.ai/events/15857-indonesia-to-ramp-up-biodiesel-efforts-to-meet-green-energy-targets-official.md) | +1.4% | +1.8% |
| SBO | 2021-03-02 | [Pres. Fernandez pledges support to Argentina meals, oils exports - Fastmarkets](https://feedsoft.ai/events/47975-pres-fernandez-pledges-support-to-argentina-meals-oils-exports-fastmarkets.md) | +9.1% | +10.7% |
| SBO | 2018-10-19 | [Biodiesel board says EPA needs to end biodiesel 'demand destruction'](https://feedsoft.ai/events/62410-biodiesel-board-says-epa-needs-to-end-biodiesel-demand-destruction.md) | -2.2% | -4.6% |
| SBO | 2022-07-13 | [Renewable identification number prices for ethanol and biomass-based diesel remain high -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/15375-renewable-identification-number-prices-for-ethanol-and-biomass-based-diesel.md) | +0.0% | +4.2% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/argentina-to-extend-duration-of-higher-biodiesel-blend/

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