Rapeseed-based biodiesel hits four-year high on tight smaller feedstock harvest

In Germany, as Europe starts to shift into winter and the need for rapeseed-based winter spec biodiesel, Platts reports that rapeseed-based biodiesel has reached a four-year high at $1,135.50/mt FOB ARA on the back of smaller-than-expected rapeseed harvests the summer. Crushing margins are the best seen in five years at around $250/mt for prompt delivery which hit a $264/mt premium over FAME 0 this week. In the meantime, the European industry is still waiting on a decision from the European Commission as to whether or not it will apply fresh tariffs to Argentine biodiesel imports.