Biofuels Digest Index drops to 73.89 as EPA’s palm oil biodiesel ‘no” bites

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.47 percent to 73.89 as Mission NewEnergy and Aventine plunged. For the day, BP dropped 2.39 percent to $43.70, while Mission NewEnergy (MNEL) dropped a whopping 30.91 percent to $1.52 after palm oil biodiesel outlook for the US darkened. Among other equities, Aventine Renewables (AVRW) topped MNEL, plummeting 33.33 percent to $3.00. Overall, declines led advances 9 to 5 for the day.