# Brazilian veg oil industry sees demand rising 20% in 2020 thanks to B12 mandate  : The Daily Digest

> ABIOVE, the Brazilian vegetable oil industry association, expects soybean oil demand for biodiesel to rise more than 20% in 2020 to about 5 million metric tons. The increase is tied to a planned 12% biodiesel blend starting in March, up from 11% since September 1. Nearly half of Brazil's soy oil demand this year went to biodiesel.

- Date: 2019-09-25 · published 2019-09-25T12:00:00.000Z
- Category: policy · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/57164-brazilian-veg-oil-industry-sees-demand-rising-20-in-2020-thanks-to-b12-mandate
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A higher mandated blend pulls more soybean oil into biodiesel, tightening soy oil supply and supporting its price relative to meal. Demand growth of this size is a meaningful bullish signal for soy oil and crush margins.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-05-12 | [Brazilian biodiesel industry wants blending mandate at 14% from June ANP auction  : The Daily Digest](https://feedsoft.ai/events/53235-brazilian-biodiesel-industry-wants-blending-mandate-at-14-from-june-anp-auction.md) | +4.3% | +7.8% |
| SBO | 2018-02-26 | [Brazilian B10 mandate to boost soybean exports by 1.2 million tons  : The Daily Digest](https://feedsoft.ai/events/66592-brazilian-b10-mandate-to-boost-soybean-exports-by-1-2-million-tons-the-daily.md) | -0.9% | -2.9% |
| SBO | 2024-03-25 | [Viewpoint: Brazil biodiesel input demand, risks to rise \| Latest Market News](https://feedsoft.ai/events/31309-viewpoint-brazil-biodiesel-input-demand-risks-to-rise-latest-market-news.md) | +0.6% | -4.4% |
| SBO | 2021-01-07 | [D4 RINs seen supporting producer margins through 2021  : The Daily Digest](https://feedsoft.ai/events/49014-d4-rins-seen-supporting-producer-margins-through-2021-the-daily-digest.md) | -3.3% | +2.2% |
| 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% |
| SBM | 2020-05-12 | [Brazilian biodiesel industry wants blending mandate at 14% from June ANP auction  : The Daily Digest](https://feedsoft.ai/events/53235-brazilian-biodiesel-industry-wants-blending-mandate-at-14-from-june-anp-auction.md) | -0.4% | +0.3% |
| SBM | 2024-03-25 | [Viewpoint: Brazil biodiesel input demand, risks to rise \| Latest Market News](https://feedsoft.ai/events/31309-viewpoint-brazil-biodiesel-input-demand-risks-to-rise-latest-market-news.md) | -2.4% | +1.0% |
| SBM | 2020-01-01 | [Sustainability in Brazilian soy supply chain – the complexities of tackling deforestation – TheCircularEconomy.com](https://feedsoft.ai/events/55082-sustainability-in-brazilian-soy-supply-chain-the-complexities-of-tackling.md) | -1.0% | -2.8% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/brazilian-veg-oil-industry-sees-demand-rising-20-in-2020-thanks-to-b12-mandate/

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