Brazil’s ANP auction sees 760 million liters of biodiesel contracted at 73 cents

In Brazil, 760 million liters of biodiesel were contracted at the Brazilian Agency of Petroleum, Natural Gas and Biofuels’ most recent auction with a total value of $559 million at an average price of 73 cents per liter. A total of 35 companies offered 862.7 million liters for sale, 99.7% had the social fuel seal. The fuel contracted at the auction will be used to achieve the 8% blending mandate between November 1 and December 31.