Brazilian soy oil demand seen jumping to 3.6 million tons in 2018 with B10

In Brazil, soy oil demand is expected to jump to 3.6 million metric tons in 2018 as a result of the biodiesel blend increasing to 10% a year early rather than going to 9%. For the 8% blend in 2017, the demand is seen at 2.9 million tons. Soybean processing for biodiesel production will rise to 17.9 million tons next year from 14.3 million tons. Even though the blending increase will boost biodiesel demand, the increase isn’t expected to be felt by drivers at the pump.