79th biodiesel auction takes place on Wednesday (14)

The 79th biodiesel auction is being resumed on Wednesday (14), and begins with the presentation of offers. The notice of the auction was published by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) last Monday (12).

The event will deal with the negotiation of biofuel for a mandatory mixture of 10% in diesel, after temporary reduction compared to the 13% initially stipulated. It is worth remembering that the auction had been interrupted last week due to the high in fuel prices in the face of high demand for soybeans, the main raw material of biofuel.

This fact was mentioned by members of the market and, because of this, the government determined the reduction of the mandatory mixture. For auction details and the full schedule, click here and here.

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