European biofuel feedstock prices increase; discussions begin for 2025 delivery dates

European biofuel feedstock prices increase; discussions begin for 2025 delivery dates

Biofuel feedstocks trading increased in Europe in the week to Thursday October 24, with higher vegetable oils prices and stronger demand pushing used cooking oil (UCO) prices up, while high-grade animal fats prices also rose amid buying interest.

Sources reported UCO trading in the range of $965-1,000 per tonne CIF Amsterdam-Rotterdam-Antwerp (ARA) for container-sized volumes, while bulk shipments were heard trading at $1,040-1,120 per tonne CIF ARA.

More trades for Chinese UCO were also reported into European destinations in the range of $830-840 per tonne FOB China.

As freight rates soften, Chinese UCO becomes more attractive to European importers.

Low cargo availability and increased demand led to a slight increase in European UCO prices to around €990 per tonne on the DDP North-West Europe (NWE) basis.

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