The biodiesel-diesel blend continues at 10% for the fourth quarter (July -August). Abiove (Brazilian Vegetable Oil Industry) says that the reduction is expanding exports of soy oil. The government has reduced the volume from 13% to 10%, to supply the market for May-June, due to high costs with the main raw material, soybean oil. “The ongoing blend has already brought negative outcomes for the sector, with a record volume of soybean oil exports in April, as well as a reduction in the projections for crushing soybean meal and oil, generating high costs for producing chicken and pork”. Abiove recalls that soybean bran is an important component of animal feed. In addition, costs have also hit the roof in the wake of international prices.
Fontes: Reuters/Noticias Agrícolas (*Translated by Ia Niani)