(SeeNews) - Nov 15, 2011 - Brazilian agribusiness and biofuel player Vanguarda Agro (SAO:VAGR3), formerly Brasil Ecodiesel, posted a net loss of BRL 70.3 million (USD 39.8m/EUR 29.3m) for the third quarter of 2011, compared to a loss of BRL 2.6 million in the same period of 2010.