RME premium over FAME-0 hits five-year high

November 14, 2017 |

In the Netherlands, the premium for rapeseed-based biodiesel over FAME-0 reached a five-year high Friday at $181.75/mt as a result of short RME supplies going into the winter months while incoming Argentine soy-based biodiesel supplies pushed down FAME-0 prices. Low water levels on the Rhine are keeping RME away from Europe’s main ARA distribution center. Water levels have begun to recover, however, so supplies are expected to start arriving slowly and in turn push the market into backwardation in December.

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