During an online panel organized by DATAGRO on August 5, some analysts of the biofuel sector pointed out the growth of the biofuel market has been adding value for the production chains of soy and corn, raising the producer’s price. The president of Unem, Guilherme Nolasco, pointed out that corn production may be around 3.3 billion liters in 2021 and is expected to reach 8 billion in 2028. The president of Aprobio, Erasmo Carlos Battistela, projected that the production of B15, which has soy as its main raw material, has the potential to reach 11 billion liters in 2030. Production this year is expected to reach around 7 billion liters. The executive director of Abramilho, Glauber Silveira, said on the 2020/21 harvest of the grain: “I believe that in order to meet the domestic demand, Brazil is expected to import about 5 to 6 million tons this year.”
Source: Universo Agro/DATAGRO (*Translated by Ia Niani)