Brazilian biodiesel market concerned about ANP’s price weighting methodology

In Brazil, Platts reports the biodiesel market is concerned about the new rules brought out by the National Agency of Petroleum, Gas and Biofuel, or ANP, regarding traded contracts rather than the previous biodiesel auctions that were quickly phased out at the end of 2021. ANP published prices on January 14 for the trades made between Jan. 3 and Jan. 9 but the methodology that determines the prices published, such as weighting, has caused concern, especially the high premium price observed in south Brazil over the national average price.