Brent crude oil and gasoil futures on the Intercontinental Exchange (ICE) showed high volatility in the week to Thursday October 10, pushing up prices for biofuels and feedstocks.

Used cooking oil (UCO) traded higher during the week, with trade prices reaching €1,000-1,010 ($1,096-1,106) per tonne DDP North-West Europe (NWE), up by more than €35 per tonne week on week, while CIF Amsterdam-Rotterdam-Antwerp (ARA) trades were reported in a wide range of $950-1,000 per tonne CIF, depending on the origin and delivery method.

Sources also reported that Chinese UCO was offered at $840 per tonne FOB China for bulk loading and at $1,050 per tonne CIF ARA.

Freight rates for bulk shipments remained expensive, urging European importers to look for alternative UCO supplies.

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