Brazil: Biofuels Annual

Commodities

The RenovaBio Program became the National Biofuels Policy of Brazil in December 2017, and more information about the creation of the program is slowly becoming available. Brazil’s total ethanol production for 2018 is estimated at 30.755 billion liters, an increase of nine percent compared to the revised figure for 2017. Total domestic demand for ethanol (fuel and other uses) for 2018 is estimated at 28.72 billion liters. Total Brazilian biodiesel production for 2018 is estimated at 5.4 billion liters, an increase of 26 percent compared to 2017, based on the increase of the biodiesel blend to 10 percent (B10) in March 2018 and the projected 1.5 percent growth of the Brazilian economy in 2018. In May 2018, Brazil’s truckers launched a strike in protest to rising fuel and diesel costs. The government brokered a short term solution to end the strike, and while a longer term solution has yet to be reached, the strike is not expected to have a lasting impact on Brazil’s fuels market in 2018.

Brazil: Biofuels Annual