After decision of a key US body, it would propose to increase the amount of biofuels that must be mixed with fossil fuels.
The price of one of the main commodities exported by Argentina shoots After the proposal of an agency of the administration of Donald Trump. This is the Environmental Protection Agency (EPA) American, whose holder was defined by the Presidency, which set a new mixture of mixing 24,020 Millions of biofuel gallons for 2026 and 24,460 million for 2027which represented an increase of almost 8% compared to the goal in force in 2025.
The EPA published this projection last Friday, June 13 and the future contracts of soybean oil rose 6.3%, While the next wheel, that is, on Monday 15, they advanced another 8.9%, that is, they jumped from 15.8% in two wheels.
On Tuesday there was a small setback of 0.6%, and this Wednesday the price closed almost stable, around US $ 1,207 per ton.
“The price of soy oil reached US $ 1,200 For the first time since October 2023, in response to the US government’s proposal to increase the amount of biofuels that must be mixed with fossil fuels in 2026 and 2027 ″, said a report by the consultant from the consultant Delphos Investment.
The sale of soybean oil to China falls
Soy oil: how much export Argentina
He soybean oil in the rough it was the Fourth product more exported by Argentina in 2024behind flour and soy pellets, grain corn and raw oil oils.
This commoditie of the Sojero complex represented the 24.6% of exports last year and, within that set, the 32.2% It was due to soy oil, which traction US $ 6,332 million During the year, according to Indec.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
