Biodiesel auction turns over $1.05 bn

The 79th biodiesel auction negotiated 1.05 billion litres, with the average price reaching R$5.536 ($1.00) per litre, resulting in a total negotiated value of 5.82 billion litres, informed the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The ANP announcement confirms information from the industry, which pointed out last week that the auction price had had an increase of about 17% over the previous round.

Source: Portal do Agronegocio