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Fitch Solutions maintains a positive outlook for the biomass-based diesel sector, particularly renewable diesel. It notes that profitability without policy support is low and depends heavily on feedstock prices.
The brief also flags growing feedstock and electric vehicle challenges.
Biomass-based diesel profitability depends on feedstock costs and policy support, so feedstock price strength or weakening policy could change demand for vegetable oils. The note is analysis rather than a new market event.
fitchsolutions.comJun 23, 2021After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
