EU rapeseed-based biodiesel prices hit record high as Rhine challenges continue to bite

In the Netherlands, Platts reports that ongoing logistical challenges due to the Rhine River’s continued low levels have pushed rapeseed-based biodiesel to an all-time high of $1,422/mt FOB ARA, more than $100 per ton higher than the week prior. In line with higher RME prices, the premium for RME over FAME 0 also hit an all-time high of $765.25/mt FOB ARA, up nearly $120 on the week. Rapeseed for feedstock can’t be moved around nor can biodiesel reach its markets.