RME-FAME 0 spread jumps 20-fold on year to $80 per ton

In the Netherlands, Platts reports that the spread for rapeseed-based biodiesel against FAME 0 rose to the highest level in five months at $80 per metric ton, 20 times higher than in July 2-17, due to huge stock levels for FAME 0 as imports from Argentina continue to come in and stronger RME prices. Europe’s rapeseed crop is expected to shrink significantly due to dry weather this summer, pushing up prices significantly. The European Biodiesel Board has asked for retroverted anti-dumping duties on biodiesel imports as far back as May 23 when anti-dumping duties were reversed by the European courts.