Biodiesel prices plunge in Brazil as competition intensifies

In Brazil, fierce competition among biodiesel producers during the National Petroleum Agency’s (ANP) latest biodiesel auction on February 16 pushed offers well below the maximum price. The average price per liter of biodiesel produced partly from oilseeds grown on family farms was $1.21 while any kind of biodiesel was slightly more expensive.

Those prices are down from the $1.39 average from the last two auctions.

More on the story.