Plantations International Information

At the end of October, Germany’s wholesale cost for biodiesel stood at around 75.60 euro cents per litre (USD $ 3.066 each gallon), omitting power tax obligation, hence going beyond the rate for agricultural diesel (i.e., off-road diesel) by virtually 10 euro cents per litre (USD $ 0.416 per gallon).

Baseding on Agrarmarkt Informations-Gesellschaft (AMI), this was the greatest cost level because June 2014. The substantial surge of biodiesel costs was due to increasing feedstock prices, resilient need of rapeseed methyl esters (RME) before the cold season and high products costs following low water levels of significant rivers.

At the very same time, costs for farming diesel were under descending stress from weak futures quotes for crude oil, dropping to a two-month low of, generally, 65.70 euro cents per litre (USD $ 2.688 each gallon).

Rapeseed oil rates have been rather solid over the previous couple of weeks as buyer passion rose as well as supplies decreased. Most lately, rates for rapeseed oil went to basically the very same degree as those for farming diesel, at around 66.30 euro cents per litre for distributions fob Hamburg.

Biodiesel Plantations International