Rapeseed and wheat worth less than fuel oil?

February 3, 2018 |

In Germany, UFOP responds to the vegetable oil price index of the Food and Agriculture Organization of the United Nations which fell to a five-month low in December 2017, primarily driven by weaker prices for palm, rapeseed and soybean oil. UFOP said that in Germany, “wheat and other produce are valued at less than fuel oil. Burning their feedstock instead of fuel oil for heating would pay off better for farmers than selling it.”

UFOP reports that “neither the EU Commission nor politics is capable of generating market prospects that would contribute to improving the price situation for producers in what is called the non-energy related bio-economy. So should farmers better burn their produce altogether? This is a question UFOP asks, provocatively, referring to the development of market prices.”

Print Friendly, PDF & Email

Tags: ,

Category: Fuels

Thank you for visting the Digest.