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Brazil soy demand for biodiesel may rise by 72pc
Brazil soy demand for biodiesel may rise by 72pc
Sao Paulo, 16 April (Argus) — Demand for soybeans used to produce biodiesel in Brazil may increase by 72pc to 74mn metric tonnes (t) by 2035 on the back of slated gains in the country's biodiesel blending mandate, according to the soybean and corn producers' association of Mato Grosso state, Aprosoja-MT. Aprosoja-MT forecasts Brazil's biodiesel output will rise to 18mn t in 2035 from 10mn t in 2026, in large part due to the planned increase of the biodiesel blending mandate in the fuel of the future law to 24pc by 2035 from the current 15pc. Considering soybean oil represents around 70pc of the feedstocks used for biodiesel production in Brazil, according to hydrocarbons regulator ANP, demand for soy oil in 2035 would reach 12.3mn t. That means it would be necessary to crush 74mn t of soybeans to produce around 12.3mn t of oil by 2035 from 7.2mn t in 2025. Aprosoja-MT estimates Brazil's consumption of diesel, including biodiesel, of 1.4mn b/d in the 2026-35 period. In 2025, Brazil consumed an average 1.2mn b/d of diesel. The fuel of the future law establishes targets for the increase in biofuels blending in Brazil. It sets that the biodiesel blending mandate should grow by 1 percentage point/yr until 2030, which could be extended until 2035. But the increase of the blending mandate to 15pc from 14pc was delayed by six months in 2025, and the increase to 16pc — scheduled for March 2026 — has not been implemented yet because the government is still running the necessary feasibility tests . According to mines and energy ministry MME, the final report covering blends of 16-20pc is expected to be approved by late March 2027 if tests confirm these levels are feasible. That means the increase of the blending mandate to 16pc will have to wait at least until April 2027. Brazil's biodiesel demand is expected to reach 365,000 b/d in 2035, according to the association of vegetable oil industries Abiove. That would be more than double from 170,000 b/d in 2025, which reflected a 14.2pc average blending rate, according to ANP. Brazil's industrial sector would have to invest R52.2bn ($10.4bn) in new soybean crushers and biodiesel plants to be able to meet that demand, according to Abiove. By João Marinho Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Argentina inflation eases to 32.6pc in March
Argentina inflation eases to 32.6pc in March
Buenos Aires, 14 April (Argus) — Argentina's inflation continues stubbornly high, posting an annual rate of 32.6pc in March, although president Javier Milei's government maintains it will soon turn a corner. The consumer price index (CPI) was down from the 33.1pc recorded the previous month, according to the statistics institute, Indec, but still running well above the government forecast of 10.1pc for the year. It hit a cyclical low of 31.3pc in October 2025, falling from a high of an annual 292pc in April 2024 following a sharp devaluation of the peso currency in December 2023 that went hand in hand with shock fiscal reforms. Economy and finance minister Luis Caputo said Tuesday that inflation had peaked in March and would start declining quickly. He told a business summit hosted by the American Chamber of Commerce in Buenos Aires that the coming 18 months would be the best in Argentina's modern history. Annualized inflation was impacted by a 45.5pc increase in housing/utilities, 41pc in the hotels/restaurant category, 38.9pc in education, 36.6pc in communication and 36.2pc in transportation costs. Consumer prices rose by 3.4pc in March from the prior month, the highest for a single month since one year ago, when it was 3.7pc. Education was up 12.1pc for the month, while transportation was up by 4.1pc, housing/utilities by 3.7pc and recreation/culture up by 3.6pc. Inflation has been creeping up since falling to a monthly low of 1.5pc in May 2025. -By Lucien Chauvin Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Corn dominates Argentina export registrations
Corn dominates Argentina export registrations
Sao Paulo, 13 April (Argus) — Corn continued to dominate export registrations in Argentina, accounting for 60pc of total volume and climbing to a record for the week as the focus for shipping moved to May. Argentinian exporters registered 1.95mn metric tonnes (t) of corn for sales abroad in the week through 11 April, more than double the 816,000t in the same week a year earlier, according to data from the Secretariat of Agriculture, Livestock and Fisheries. Argentina's advancing corn harvest boosted stocks of the grain to a record at the start of April, providing abundant supplies to meet steady demand from buyers in the Middle East and North Africa. Total export registrations for all crops reached 3.25mn t in the week — up by 20pc from the previous year — primarily driven by the surge in corn exports. Corn also led the shift in loading interest to May, with the entire volume registered for loading by the end of the month. Farmers registered a total of 3.17mn t of grains and oilseed products for loading in May, with the remaining 81,000t registered for June. Soybeans, meal, oil remain lower Export registrations of soybeans, soybean meal and soybean oil were all again below the prior year's level for the week, as stocks for crushing have tightened in recent months. Soybean meal registrations fell by nearly 12pc from a year earlier to 787,000t, but remained the second-most registered agricultural product for export. Soybean registrations also slumped in the week, dropping to just 5,570t from 533,000t a year earlier. Soybean oil registrations fell by 2.1pc to 140,400t. Export registrations of other oilseed products all rose in the week from a year earlier, with other oilseeds registrations more than doubling from last year to 5,950t. Registrations of other oilseed meals increased by nearly 18pc to 22,400t, while other oils rose by nearly 32pc to 9,550t. Wheat registrations remained above last year's levels for a fourth consecutive week, more than doubling from last year to 262,800t. But barley registrations remained subdued at 53,110t, down by 35pc from loadings in the same week last year. By Jeffrey T. Lewis Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Brazil's Mato Grosso 2025-26 soy sales ahead on year
Brazil's Mato Grosso 2025-26 soy sales ahead on year
Sao Paulo, 13 April (Argus) — Sales of the 2025-26 soybean crop in Brazil's central-western Mato Grosso state reached 63.3pc of the expected total in March, ahead of the total dealt in the same period last year but below the five-year average for the period. Works advanced by 6.7 percentage points from February. The pace is 4.3 percentage points ahead of the almost 60pc dealt in March 2025 for the 2024-25 crop, according to the state's institute of agricultural economics Imea. That also compares with the five-year average of 64.8pc for the period. Sales for the 2026-27 soybean crop reached nearly 7.3pc in March, up by almost 3.4 percentage points from the previous report. That pace is below the 8.1pc for the 2025-26 season a year ago and the five-year average of 13.6pc for the period. Winter corn sales Sales for the 2025-26 winter corn crop are also ahead on the year, advancing by almost 5.4 percentage points to 40.8pc in March, according to Imea. That is ahead of the 36.3pc pace for the 2024-25 crop in March 2025, but below the five-year average of 44.4pc for the period. Sales for the 2024-25 winter corn crop are almost fully negotiated, ending March at 99pc of production, up by nearly 2.7 percentage points on the month. The pace slightly surpassed the 98.9pc sold for the 2023-24 cycle a year ago and the five-year average of 98.6pc for the period. The 2026-27 winter corn crop negotiations reached 1.6pc in March, up by nearly 1 percentage point on the month. The pace is slightly below the 1.7pc sold at the same time in 2025 for the 2025-26 season. That is also behind the five-year-average for the period of 5.5pc. Cotton lint sales Sales for the 2025-26 cotton lint crop advanced by 7 percentage points to nearly 65.6pc of expected output in March, Imea said. That is ahead of the 56.8pc pace for the 2024-25 crop in the same period of 2025 and the five-year average for the period of almost 61.9pc. Sales for the 2024-25 cotton lint crop advanced by 5 percentage points to almost 92.1pc of output in March. That is behind the almost 92.7pc pace for the 2023-24 crop in the same month a year ago and the five-year average of around 94.1pc. Sales for the 2026-27 cotton lint crop reached nearly 13.9pc, rising by 6.5 percentage points in the month. The pace is behind 14.7pc for the 2025-26 cycle in March 2025 and the five-year average of 14.2pc for the period. By Sofia Zizza Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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