European waste-based biodiesel squeezed due to high stocks and falling euro

In the Netherlands, Platts reports that growing stocks of biodiesel made from both UCO and tallow, considered second generation fuels in Europe because they are produced from waste feedstock, prices have fallen and the market expects UCOME and TME to remain bearish throughout the rest of the year. With waste feedstocks primarily imported in dollars but biodiesel sold in euros, currency shifts have more of an impact on waste-based biodiesel than conventional, and with the euro the weakest in a year against the dollar, the economics are looking tight for the market.