Brazil Sends Cheap Soy Oil Abroad as Biodiesel Plan Stalls
The world’s top soybean producer Brazil is processing record amounts of the crop, but a delay in the country’s plans to boost local demand through biofuel mandates has resulted in...
By Dayanne Sousa · Bloomberg Markets
The world’s top soybean producer Brazil is processing record amounts of the crop, but a delay in the country’s plans to boost local demand through biofuel mandates has resulted in an excess of cheap soy oil supplies being shipped overseas.