Brazil expected to increase biodiesel blend requirement

Industry representatives expect Brazil's government to announce an increase to the minimum requirement of biodiesel that is blended into diesel.

The decision would increase the biodiesel requirement to 6% in July and 7% in November from the current 5%, lowering Brazil's diesel fuel imports.

Modifying this blend requirement has been considered for years but experienced opposition from the Finance Ministry, which has had difficulty in keeping inflation within the central bank's target range before a presidential election scheduled to take place in October.»