# Brazil allows imported raw materials in biodiesel production

> Brazil's National Energy Policy Council said on November 18 that imported raw materials may be used to produce biodiesel, ending the requirement that auction biofuel be made from Brazilian oils and fats. The change follows the ANP's November 12 notice for the 77th Biodiesel Auction covering the first two months of 2021.

- Date: 2020-11-18 · published 2020-11-18T12:00:00.000Z
- Category: policy · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/50218-brazil-allows-imported-raw-materials-in-biodiesel-production
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Brazil's soybean oil stocks are at two-decade lows, so allowing imports could ease domestic supply tightness and pressure Brazilian soyoil prices lower as the new harvest approaches.

## Read by commodity

- SBO: bearish ▼
- SOY: neutral

## 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 | 2020-11-19 | [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 | 2022-03-22 | [FEATURE: Brazilian biodiesel production at risk amid potential bearish policies](https://feedsoft.ai/events/42357-feature-brazilian-biodiesel-production-at-risk-amid-potential-bearish-policies.md) | +0.1% | +271.7% |
| SBO | 2020-11-20 | [Government authorizes import of soy oil for biodiesel production - DatamarNews](https://feedsoft.ai/events/50221-government-authorizes-import-of-soy-oil-for-biodiesel-production-datamarnews.md) | -0.3% | +3.2% |
| 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% |
| SOY | 2020-11-23 | [Brazil allows imported soy in biodiesel production](https://feedsoft.ai/events/50029-brazil-allows-imported-soy-in-biodiesel-production.md) | -1.1% | +5.3% |
| SOY | 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% | +2.2% |
| SOY | 2020-11-20 | [Government authorizes import of soy oil for biodiesel production - DatamarNews](https://feedsoft.ai/events/50221-government-authorizes-import-of-soy-oil-for-biodiesel-production-datamarnews.md) | +1.2% | +3.6% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/111820-brazil-allows-imported-raw-materials-in-biodiesel-production

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