Vanguarda Agro exits Brazilian biodiesel business

In Brazil, Vanguarda Agro is moving out of biodiesel and shifting its focus solely to agriculture. It has recently sold a biodiesel refinery in Rosario do Sul and a vegetable-oil extraction plant in Rio Grande do Sul state to rivals Camera Agroalimentos for $33 million. The facility is currently idle as it didn’t receive any contracts for production during the government auction in August.