# New Argentina biodiesel law to weigh on international soyoil prices -industry | Financial Post

> Argentine industry officials said soyoil exports will likely rise after lawmakers approved a measure cutting the soy-based biofuel blend in domestic diesel. The law was expected to be signed before month-end, and Argentina exported 5.36 million tonnes of soyoil last year, mainly to India.

- Date: 2021-07-19 · published 2021-07-19T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/46141-new-argentina-biodiesel-law-to-weigh-on-international-soyoil-prices-industry
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower domestic biodiesel use shifts more Argentine soyoil into export channels, adding supply to a market where Argentina holds a large share, pressuring international soyoil prices.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.2% | -4.1% |
| SBO | 2019-11-13 | [US biodiesel industry dependent on tax credit, RFS to compete with fossil-based diesel - Biofuels International Magazine](https://feedsoft.ai/events/55931-us-biodiesel-industry-dependent-on-tax-credit-rfs-to-compete-with-fossil-based.md) | -0.2% | +0.6% |
| SBO | 2024-05-01 | [New system of subsidies for biodiesel production in the US has brought down soybean oil prices](https://feedsoft.ai/events/30343-new-system-of-subsidies-for-biodiesel-production-in-the-us-has-brought-down.md) | +2.5% | +8.4% |
| SBO | 2021-06-16 | [Soybeans hit 2-month low as vegetable oil prices tumble \| Financial Post](https://feedsoft.ai/events/6441-soybeans-hit-2-month-low-as-vegetable-oil-prices-tumble-financial-post.md) | -6.8% | -2.7% |
| SBO | 2025-03-18 | [National Biodiesel Day: Action Needed to Boost Clean Fuels](https://feedsoft.ai/events/15137-national-biodiesel-day-action-needed-to-boost-clean-fuels.md) | +0.3% | +9.0% |
| SBM | 2023-09-08 | [Argentina: Soybean exporters will have access to dollars for industrial production](https://feedsoft.ai/events/13954-argentina-soybean-exporters-will-have-access-to-dollars-for-industrial.md) | -0.2% | -6.8% |
| SBM | 2023-11-21 | [Argentine Election Gives Soymeal Traders a New Factor to Weigh](https://feedsoft.ai/events/33241-argentine-election-gives-soymeal-traders-a-new-factor-to-weigh.md) | -1.9% | -11.1% |
| SBM | 2026-04-30 | [Record US biofuel targets to test biodiesel industry after slow year \| Reuters](https://feedsoft.ai/events/15030-record-us-biofuel-targets-to-test-biodiesel-industry-after-slow-year-reuters.md) | -2.3% | +1.3% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/new-argentina-biodiesel-law-to-weigh-on-international-soyoil-prices-industry

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