# Brazil to boost biodiesel blend to 15% by 2023, helping soy demand

> Brazil plans to raise its mandatory biodiesel blend in diesel to 15% by 2023, with 1 percentage point annual increases after that. About 80% of Brazil's biodiesel is made from soybean oil. The change would reduce diesel imports and increase domestic soybean demand.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/55928-brazil-to-boost-biodiesel-blend-to-15-by-2023-helping-soy-demand
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher domestic biodiesel mandates absorb more soybean oil in Brazil, tightening export supplies of oil and supporting soybean prices. The effect on soybean meal is smaller since crushing volumes are driven by meal demand.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2021-03-15 | [Biodiesel Boosts Demand for Iowa Soybeans \| Iowa Soybean](https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean.md) | +0.0% | -0.5% |
| SBO | 2023-12-22 | [Brazil's additional biodiesel demand to hit soyoil, soybean exports - analysts](https://feedsoft.ai/events/32777-brazil-s-additional-biodiesel-demand-to-hit-soyoil-soybean-exports-analysts.md) | -1.0% | -3.0% |
| SBO | 2016-11-25 | [Palm oil demand from Indonesia biodiesel sector to surge by 2020](https://feedsoft.ai/events/73756-palm-oil-demand-from-indonesia-biodiesel-sector-to-surge-by-2020.md) | +2.1% | -5.6% |
| SBO | 2024-02-21 | [Brazil’s Rising Biodiesel Mandate to Slow Soyoil Exports - AgWeb](https://feedsoft.ai/events/31770-brazil-s-rising-biodiesel-mandate-to-slow-soyoil-exports-agweb.md) | -1.9% | +4.7% |
| SBO | 2017-04-20 | [Brazilian biodiesel producers look to up their blend](https://feedsoft.ai/events/71379-brazilian-biodiesel-producers-look-to-up-their-blend.md) | +1.0% | +5.0% |
| SOY | 2021-03-15 | [Biodiesel Boosts Demand for Iowa Soybeans \| Iowa Soybean](https://feedsoft.ai/events/48002-biodiesel-boosts-demand-for-iowa-soybeans-iowa-soybean.md) | +0.0% | -2.4% |
| SOY | 2023-12-22 | [Brazil's additional biodiesel demand to hit soyoil, soybean exports - analysts](https://feedsoft.ai/events/32777-brazil-s-additional-biodiesel-demand-to-hit-soyoil-soybean-exports-analysts.md) | -0.3% | -4.5% |
| SOY | 2026-06-30 | [Biodiesel boom drives soybean oil to 4-year high](https://feedsoft.ai/events/18887-biodiesel-boom-drives-soybean-oil-to-4-year-high.md) | +7.9% | +9.3% |

## Sources

- reuters.com: https://www.reuters.com/article/us-brazil-biodiesel/brazil-to-boost-biodiesel-blend-to-15-by-2023-helping-soy-demand-idUSKBN1XM20F/

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