The drop was influenced by high freight rates and an ongoing European Commission fraud investigation.

Fastmarkets proposes to amend the pricing frequency of its three main European biodiesel assessments, both as outright prices and as premiums to the underlying gasoil contract, as well as its ultra low sulfur diesel assessment from a weekly basis to daily.

The international oil major BP has unveiled a $2.76 billion profit across its energy portfolio in the second quarter of 2024, a 6.4% increase on the corresponding period of 2023 and 1.2% higher than its first-quarter profits

The European Commission has confirmed that it will apply anti-dumping duties to Chinese biodiesel producers from August 16 this year, according to multiple sources

Germany's UFOP highlighted a global rapeseed supply shortage, urging increased planting in 2025 to meet demand amidst reduced production forecasts.

The recent shift is supported by the country's increased biodiesel blending mandate and there are moves to raise it further in the coming years

The project also creates a traceability system for all diesel cycle fuels to help ensuring the quality of the fuels

Anticipated biofuel demand is set to increase by 38 billion liters from 2023 to 2028, marking a nearly 30% rise from the preceding five years

The domestic soybean oil market in Brazil has seen higher bid prices due to solid biodiesel demand

This significant development marks an important step in Indonesia's ongoing efforts to challenge these duties and protect its vital biodiesel industry