# Strong euro supports biodiesel prices despite falling veg oils  : The Daily Digest

> European biodiesel prices are being supported by the euro, which is at its strongest against the dollar in 32 months, despite falling vegetable oil prices. Anti-dumping duties on Argentine and Indonesian biodiesel may be lifted on September 7, which could boost imports.

- Date: 2017-08-30 · published 2017-08-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/69542-strong-euro-supports-biodiesel-prices-despite-falling-veg-oils-the-daily-digest
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A strong euro offsets weaker vegetable oil costs, but a possible duty removal could raise import flows and pressure biodiesel and vegetable oil prices lower.

## Read by commodity

- SBO: bearish ▼
- EURUSD: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-12-15 | [FX Daily: European pushback supports local currencies \| articles \| ING THINK](https://feedsoft.ai/events/8297-fx-daily-european-pushback-supports-local-currencies-articles-ing-think.md) | -0.1% | -1.0% |
| EURUSD | 2026-07-30 | [Euro: Strong GDP supports September ECB hike – BBH — Octa](https://feedsoft.ai/events/7692-euro-strong-gdp-supports-september-ecb-hike-bbh-octa.md) | +1.4% | +2.3% |
| EURUSD | 2017-05-23 | [Economic prospects to maintain support for the euro \| Capital Economics](https://feedsoft.ai/events/71210-economic-prospects-to-maintain-support-for-the-euro-capital-economics.md) | -0.5% | -1.0% |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |
| EURUSD | 2016-06-28 | [EU wheat prices weaken as firmer euro dents export outlook](https://feedsoft.ai/events/11730-eu-wheat-prices-weaken-as-firmer-euro-dents-export-outlook.md) | +0.5% | -0.4% |
| SBO | 2020-09-30 | [Prices for vegetable oil are falling after oil quotations](https://feedsoft.ai/events/51197-prices-for-vegetable-oil-are-falling-after-oil-quotations.md) | +1.3% | +3.8% |
| SBO | 2021-08-19 | [Falling oil prices increase pressure on oilseed markets](https://feedsoft.ai/events/11363-falling-oil-prices-increase-pressure-on-oilseed-markets.md) | -4.3% | -8.1% |
| SBO | 2021-12-01 | [The fall in the price of oil pulls down quotes for vegetable oils 01.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/5260-the-fall-in-the-price-of-oil-pulls-down-quotes-for-vegetable-oils-01-12-2021.md) | +1.4% | +1.8% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/strong-euro-supports-biodiesel-prices-despite-falling-veg-oils/

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