Wednesday, September 16, 2009

Breaking News-RTRS-Biofuels may make Brazil soyoil importer-Oil World

HAMBURG, Sept 15 (Reuters) - Brazil, one of the world's leading soyoil exporters, may start importing soyoil from October 2009 because of sharply rising need for biofuel production, oilseeds analysts Oil World forecast on Tuesday.
"In Brazil, surging requirements for biodiesel production and declining soybean crushings will enforce a reduction in soyoil exports and probably necessitate soyoil imports in Oct. 2009/Jan. 2010," Oil World said.
Brazil's biodiesel output reached a record 134,000 tonnes in July 2009, up 41 percent on the year as the country raised compulsory blending of biofuels in fossil diesel, Oil World said.