The biodiesel sector in Brazil needs increased oversight amid growing blending requirements and prices.

Representatives of Brazil's biofuel, fuel import, and distribution sectors called for increased regulatory oversight and stable funding to ensure the mandatory presence of biodiesel in diesel fuel, given the recent increase in its blend, they said on October 14 at a meeting of the Chamber of Deputies Committee of Brazil. Concerns arose due to the increase in the mandatory share of biodiesel in diesel fuel from 14% to 15% starting August 1. Platts, a division of S&P Global Commodity Insights, valued DAP Paulinia biodiesel fuel with delivery from one to seven days at 6387 reais/m3 as of October 14, which is 784 reais/m3, or 14%, higher than the 5603 reais/m3 on July 30 before the blend price increase. The rise in biodiesel prices was a central topic of discussion, as periods of higher biodiesel value typically coincide with higher fraud rates, said Carlos Faccio, director of the Institute of Legal Fuel (ICL), at the committee meeting. According to an ICL study, the price difference ...