Agricultural diesel, biodiesel and rapeseed oil prices on the rise: UFOP

In Germany, UFOP reports that wholesale prices for  have gone up considerably in August. Rapeseed oil fuel and biodiesel hit record levels. Agricultural diesel continued to be the lowest-priced alternative despite the price rise. Prices for agricultural diesel and biodiesel were raised massively in mid August 2016 as manufacturers’ feedstock costs surged. In other words, WTI crude oil prices shot up by around 9 per cent within a single week. Prices of vegetable oils used in biodiesel fuel production also rallied in the wake of poor yields.

Rapeseed oil for nearby delivery most recently cost just less than 69 euro cents per liter, a price not seen since mid December 2015. As a result, the selling price for standard biodiesel with an around 60 per cent potential for reducing greenhouse gas emission compared to fossil fuels rose to 75 euro cents per litre. According to Agrarmarkt Informations-Gesellschaft, this price not only translates to an eight-month high, but has also increased the gap over agricultural diesel to almost 13 euro cents per liter.

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