Bumper soy crop has Brazilian farmers and biofuel industry jointly pushing for B10

In Brazil, a bumper soy crop is supporting the domestic biodiesel industry’s push for a higher biodiesel blend to 10% from the current 7%. Both the soy industry and the biodiesel industry have come together to encourage the government to go ahead and approve higher blends, arguing that the soy oil supply is sufficient and available to sustainably provide 10% of diesel demand over the long term. The 2016 soy harvest is estimated to reach a record of 100 million metric tons.

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