# Government authorizes import of soy oil for biodiesel production - DatamarNews

> President Jair Bolsonaro's government, through a National Energy Policy Council resolution on November 18, authorized imported raw materials for biodiesel production. The ANP may now permit imported feedstock in public auctions, and UBRABIO says the sector needs imported oil for the December bid.

- Date: 2020-11-20 · published 2020-11-20T12:00:00.000Z
- Category: policy · region Brazil · magnitude high
- Page: https://feedsoft.ai/events/50221-government-authorizes-import-of-soy-oil-for-biodiesel-production-datamarnews
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Brazil's soyoil shortage, with 70% of biodiesel feedstock from soy oil, could be eased by imports of around 104,200 tons year to date, which would lower domestic soyoil prices until the harvest begins.

## 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 | 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 | 2023-09-05 | [Argentina authorizes exporters to utilize 25% of dollar earnings for soy purchases - DatamarNews](https://feedsoft.ai/events/13953-argentina-authorizes-exporters-to-utilize-25-of-dollar-earnings-for-soy.md) | -4.4% | -6.1% |
| 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% |
| 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 | 2020-11-18 | [Brazil allows imported raw materials in biodiesel production](https://feedsoft.ai/events/50218-brazil-allows-imported-raw-materials-in-biodiesel-production.md) | +1.8% | +1.2% |

## Sources

- datamarnews.com: https://datamarnews.com/noticias/government-authorizes-import-of-soy-oil-for-biodiesel-production/

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