The use of beef tallow in biodiesel in Brazil increased by 30% in September: ANP

According to data published by Brazil's National Petroleum Agency (ANP) on October 21, domestic production of biodiesel based on tallow in Brazil increased from August to September. According to the published data, in September, tallow accounted for 76,497 cubic meters of the total biodiesel produced, which is 30% more than in August, when the total share of tallow used for biodiesel production was 58,685 cubic meters. The growth reflects how the tallow market has adapted after the United States announced the imposition of 50% tariffs on imports, reports oilworld.ru citing S&P Global Platts. For example, in August, according to data published by Brazil's Ministry of Foreign Trade, the total volume of exports was 65,000 tons. In September, this figure dropped to 28,000 tons, reflecting the new export situation caused by the announced tariffs. Thus, all volumes that were not exported became available for domestic consumption, and buyers began to notice higher profitability of ...