03 May 2013 11:20 [Source: ICIS news]
Premiums for both Renewable Energy Directive (RED) certified product and non-RED product have increased by $10-15/tonne (€8-12/tonne), with FAME 0 RED at $290-300/tonne FOB (free on board) Rotterdam and FAME 0 at $245-255/tonne FOB Rotterdam.
Fewer imports are arriving in Europe because of the European Commission’s ruling that all biodiesel imports from Argentina and Indonesia must be registered as part of its ongoing investigation into allegations that subsidised biodiesel from the two countries was dumped in Europe.
The lack of SME has meant that producers are substituting it with rapeseed methyl ester (RME) in FAME 0 blends, providing the economics are favourable.
As a result of both tighter supply and the substitution of SME with the more expensive RME, FAME 0 premiums have increased.
($1 = €0.77)
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