Argentina increases biodiesel blending mandate

In Argentina, Reuters reports that Argentina’s chamber of grains processors and exporters CIARA-CEC said that an increase of the amount of biofuel in diesel would boost the soy crushing sector, though it called for the temporary measure to address fuel shortages to be made permanent.

The government announced on Wednesday that it would raise required biodiesel content in diesel blends in a bid to deal with a prolonged shortage of the motor fuel, especially for the important agricultural sector.

Argentina is experiencing rising global energy and food prices, which have been driven up by Russia’s invasion of Ukraine. The annual inflation rate is running above 60%.