Platts launches Brazil biodiesel assessments including ICMS, May 4

Platts, part of S&P Global Energy, has launched new biodiesel DAP Paulínia, Brazil price assessments that include the state-level ICMS tax, following the implementation of Brazil's single-phase tax system, effective May 4, 2026.

Until April 30, 2023, ICMS was treated as a deferred tax for Brazilian biodiesel producers. As a result, it was not included in Platts pricing methodology when the DAP Paulínia biodiesel assessment was originally launched on Nov. 3, 2021.

The new assessments reflect the full adoption of the single-phase taxation system in Brazil and respond to requests from market participants for Platts to align with the now widely accepted market convention of pricing biodiesel on an ICMS-inclusive basis.

Platts has launched the following assessments that include ICMS, effective May 4, 2026, under the indicated names and codes:

The existing Biodiesel DAP Paulinia assessments under Platts codes ABPLA00 and ABPLB00, along with their respective weekly and monthly averages, will continue to be published. However, the daily assessment is now calculated by deducting the applicable ICMS from the new ICMS-inclusive biodiesel assessment. The names of the current assessments have been updated to clearly reflect the exclusion of ICMS, as follows:

Effective June 1, the new assessments will be available on the Platts Biofuels Alert fixed pages 0010, 0011, 0220 and 0221. They will also be published on the Platts Brazil Fuels Weekly market report.

Please send any feedback, questions or comments to platts_biofuels@spglobal.com and pricegroup@spglobal.com.

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