Premium for RED biodiesel prices slide as gasoil futures jump

In the UK, as EU gasoil futures shot up in an expected move last week, higher prices weighed heavily on RED FAME 0 biodiesel premiums and brought them down to the largest fall since Aug. 28 at $333.75/mt, down $15.25 per tonne on Wednesday. RED RME futures also saw a major drop, down $19.75 to $456.75/mt. Physical trade remained subdued while the market waited for gasoil futures to choose a direction, with the falling premium a natural correction to market activity.