Brazil may raise the biodiesel blend required in diesel fuel as early as January, a change that could result in up to 10% more of an expected record soyabean crop getting crushed into meal and oil, industry sources say.

Raising the blend from the current 5-7%, a move long advocated by soyabean crushers, would relieve pressure on state-run oil company PetrĂ³leo Brasileiro, which has been forced to import diesel fuel to make up for a domestic refining shortfall and sell it at a loss on the local market.

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