Soybean oil price hike driven by shift in biodiesel policy

After falling for almost two months, soybean oil prices have risen again in Brazil, according to data from Cepea.

The upward movement, according to Cepea researchers, is linked to expectations of greater demand for biodiesel in the national market.

And the optimism in the commercialization of soybean oil in Brazil, in turn, is linked to the recent approval by the National Energy Policy Council (CNPE) to increase the mandatory blend of biodiesel with diesel oil, which goes from the current B14 (14%) to B15 (15%), between August of this year and February 2026.

From March 2026, the blend can increase to B16 (16%).

Cepea researchers highlight that the growth in the blend of biodiesel with diesel was expected for March of this year and the failure to implement this change in the first quarter was the main factor in the weakening of internal oil prices in that period.