Brazil is set to raise the vegetable oil blend in biodiesel fuel, moving from the current 12% (B12) to 14% (B14) starting in March. Following this, the blend percentage is projected to increase by at least 1% annually. Notably, some prominent Brazilian companies like Amaggi and JBS are adopting a more aggressive approach by transitioning their transportation fleet to 100% vegetable oil (B100).

The 2% rise in vegetable oil blended into biodiesel is anticipated to boost the demand for soybean oil, the primary vegetable oil utilized in biodiesel production. The demand for soybean oil blended into biodiesel is projected to surge from 5.8 million tons in 2023 to 7.4 million tons in 2024, marking a notable increase of 27.5%.