European vegetable oil prices skyrocket as biodiesel production picks up

In Europe, vegetable oil prices are skyrocketing for use as biodiesel feedstock in response to anti-dumping duties slapped on Argentine and Indonesian biodiesel imports. European biodiesel production, mostly from palm oil and canola oil, is on the rise thanks to less competition from cheaper imports. Imports from Argentina are down by 2/3 while imports of feedstock are up 63% through August.