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The EU has removed anti-dumping duties on biodiesel from 13 Argentine and Indonesian producers following rulings from the European Court of Justice and the WTO. Verbio's CEO expects a surge of imports from April, and ADM will suspend production at a German biodiesel site.
Imports could reach 3 to 5 million tonnes in 2018.
Imports of 3 to 5 million tonnes would displace EU biodiesel made mainly from rapeseed oil, reducing European oilseed crush demand. Lower EU feedstock demand is bearish for vegetable oil prices.
energy-reporters.comGabriel CruzMar 26, 2018After 152 past bearish trade events, SBO moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
