Loading…
S&P Global Platts reports that Brazil's ANP is using Platts US Gulf Coast ULSD and RVO assessments in a daily reference price formula for the diesel subsidy program under Decree 9.403/2018. The formula determines subsidy payments to diesel sellers across Brazil.
Brazil's subsidy formula sets domestic diesel reference prices that affect Brazilian transport and farm logistics costs, with limited direct effect on feed commodity prices.
press.spglobal.comAug 8, 2018After 27 past neutral policy events, ULSD / Diesel moved a median -1.4% over 5 sessions (41% higher; middle half -4.3% to +2.6%), and -4.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
