# France's Avril Raises Biodiesel Output On Higher Oil Prices, Demand

> Reuters reports that France's Avril has kept its biodiesel plants at full capacity since June on higher oil prices and strong demand. Its CEO said Argentine biodiesel imports could still force a return to part-time work at its Saipol unit.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/64125-france-s-avril-raises-biodiesel-output-on-higher-oil-prices-demand
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude prices support biodiesel margins and vegetable oil demand, while cheap Argentine imports cap European biodiesel and rapeseed or soyoil demand.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-11-11 | [Higher biodiesel appetite pushes demand](https://feedsoft.ai/events/55950-higher-biodiesel-appetite-pushes-demand.md) | -3.4% | -0.4% |
| SBO | 2025-03-09 | [The end of cheap palm oil? Output stalls as biodiesel demand surges](https://feedsoft.ai/events/15574-the-end-of-cheap-palm-oil-output-stalls-as-biodiesel-demand-surges.md) | -1.9% | +6.5% |
| SBO | 2018-08-06 | [Global palm oil prices set to rise on Indonesia's biodiesel mandate](https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate.md) | -1.3% | +0.1% |
| SBO | 2019-04-08 | [Argentina raises biodiesel price to $635.5 per ton for April  : The Daily Digest](https://feedsoft.ai/events/59468-argentina-raises-biodiesel-price-to-635-5-per-ton-for-april-the-daily-digest.md) | -0.7% | -7.9% |
| SBO | 2021-11-03 | [Rise of biodiesel leads to jump in cooking oil prices, skyrocketing demand for soybeans \| Here & Now](https://feedsoft.ai/events/44128-rise-of-biodiesel-leads-to-jump-in-cooking-oil-prices-skyrocketing-demand-for.md) | -4.1% | -8.1% |
| WTI | 2022-08-26 | [Oil prices rise on signals OPEC might cut output](https://feedsoft.ai/events/40228-oil-prices-rise-on-signals-opec-might-cut-output.md) | -6.6% | -15.2% |
| WTI | 2022-12-19 | [Palm oil firms on higher crude prices, Indonesia’s plan to raise biofuel mandate - Markets - Business Recorder](https://feedsoft.ai/events/38333-palm-oil-firms-on-higher-crude-prices-indonesia-s-plan-to-raise-biofuel-mandate.md) | +7.2% | +7.1% |
| WTI | 2021-10-04 | [OPEC+ sticks to plan for gradual oil output hike, price roars higher](https://feedsoft.ai/events/44442-opec-sticks-to-plan-for-gradual-oil-output-hike-price-roars-higher.md) | +4.6% | +9.9% |

## Sources

- rigzone.com: https://www.rigzone.com/news/wire/frances_avril_raises_biodiesel_output_on_higher_oil_prices_demand-24-jul-2018-156394-article/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.