05 September 2013 11:31 [Source: ICIS news]
LONDON (ICIS)--European crude glycerine values decreased on the back of improved supply, according to sources late on Wednesday.
Spot crude glycerine prices dropped by €15-45/tonne to €275-385/tonne ($362-507/tonne) FD (free delivered) NWE (northwest Europe), with sources saying there was a wide price gap between kosher genetically modified (GMO) and kosher non-GMO crude glycerine.
“Crude supply is quite good at the moment – I’m being offered volumes,” one source said.
“Supply from Argentina is in full swing,” another source said.
Kosher non-GMO crude glycerine is a by-product of RME production.
($1 = €0.76)
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