# FEATURE: Brazilian biodiesel production at risk amid potential bearish policies

> Brazil's federal government announced on March 11 a waiver of Pis and Cofins taxes on biodiesel until December 31, aimed at easing fuel prices for consumers. Producers are still working out pricing and output three months after the shift away from auctions, and rumors of biodiesel imports in April are circulating.

- Date: 2022-03-22 · published 2022-03-22T12:00:00.000Z
- Category: policy · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/42357-feature-brazilian-biodiesel-production-at-risk-amid-potential-bearish-policies
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower biodiesel taxes and possible imports weaken domestic biodiesel margins and reduce soybean oil demand from the biofuel sector, which is bearish for soy oil and by extension soybean crush economics.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-11-23 | [Brazil allows imported soy in biodiesel production](https://feedsoft.ai/events/50029-brazil-allows-imported-soy-in-biodiesel-production.md) | -2.0% | +3.4% |
| SBO | 2020-11-18 | [Brazil allows imported raw materials in biodiesel production](https://feedsoft.ai/events/50218-brazil-allows-imported-raw-materials-in-biodiesel-production.md) | +1.5% | +4.1% |
| SBO | 2017-11-30 | [RFS Volumes Again Fail to Capture Biodiesel’s Potential - American Soybean Association](https://feedsoft.ai/events/67841-rfs-volumes-again-fail-to-capture-biodiesel-s-potential-american-soybean.md) | -2.5% | -4.3% |
| SBO | 2020-11-19 | [Brazil approves biodiesel production with imported soybeans - BNamericas](https://feedsoft.ai/events/50027-brazil-approves-biodiesel-production-with-imported-soybeans-bnamericas.md) | -0.7% | +3.8% |
| SBO | 2017-09-27 | [EPA announces smaller biodiesel production - soybean](https://feedsoft.ai/events/69029-epa-announces-smaller-biodiesel-production-soybean.md) | -2.2% | +3.3% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/032222-feature-brazilian-biodiesel-production-at-risk-amid-potential-bearish-policies

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