Rapeseed-based biodiesel hits five-year high as low Rhine continues to hinder trade

In Germany, Platts reports that rapeseed-based biodiesel has soared to five-year highs at $1,260.50/ton FOB ARA as low levels on the Rhine River continue to pose logistical bottlenecks for both biodiesel flows as well as trade of rapeseed. With prices up nearly 5% on the week, the premium over FAME 0 also hit a new high of $382/ton, up $85/ton on the week, the seventh new high this season. The river was only 62 centimeters at a key point on the river, far below the minimum 1.5 meters required for loading vessels.