Rapeseed Biodiesel Prices Surge to Near Four-Year High

Rapeseed methyl ester (RME) biodiesel prices in Northwest Europe neared a four-and a-half year high at the start of October with winter demand and a lower than-estimated rapeseed harvest, reports S&P Global Platts.  The price reporting agency assessed RME at US$1,135.50/ton FOB ARA on 3 October, the highest since April 24, 2014. 

S&P Global Platts said the recent strength in the RME price had significantly widened production margins, which had been under pressure earlier in the year.  With a weaker euro, there was further support for these wider production margins, potentially incentivising increased production into winter.