Argentina's 5% biodiesel blend mandate set to hit European prices

摘要

London — The introduction of Argentina's mandatory blending ratio of 5% biodiesel into diesel which is expected to come into force March 1 is set to impact prices for biodiesel summer grades in Europe, traders said Wednesday. "This should be bullish for SME, FAME 0 and FAME -5 in Europe, as there will be less SME coming this way from Argentina," a trader said. Argentina exports mainly soybean oil-based biodiesel, known as SME and which is also a feedstock for the production of FAME 0 and FAME -5--blends of various types of biodiesel.