According to StoneX, Brazil’s use of diesel B (with the addition of biodiesel) is expected to reach 64 billion liters this year, rising 1.3% from 2022 while keeping the same projection as that made in April. Despite a poor performance in April and an inexpressive performance throughout the first quarter, gasoline sales are expected to go up in the third quarter as a result of the Brazilian economy’s improved performance and the record grain harvest. According to StoneX, Brazil’s biodiesel demand could climb by 15.5% from last year to 7.3 billion liters in 2023, maintaining its numbers from the April forecast.
Sources: Reuters/Noticias Agricolas (*Translated by Ia Niani)