Latest Brazilian biodiesel auction sources 928.2 million liters at an average 71 cents per liter

In Brazil, the most recent biodiesel auction held on Tuesday to supply the domestic B10 mandate during May and June sold 928.2 million liters from more than 1 billion liters offered by 38 producers. Of the total volume offered for sale, 99.4% carried the social seal. Total income generated at the auction held by the Brazilian Agency of Petroleum, Natural Gas and Biofuels (ANP) was $660.4 million at an average of 71 cents per liter. Nearly 80% of the volume contracted was sold during the first of the auction’s two days.