Biodiesel market witnessed a period of stability in early May xxxx in the US market. This stability in the market was primarily driven by slow demand growth and consistent supply in the market. While the Biodiesel supply remained hampered from major exporters like Canada, Belgium and France, the consumer sentiment continued to be dampened due to uncertain market dynamics. Qx xxxx witnessed a significant decline in imports reflecting the overall bearish demand sentiments in the market.
The supply of Biodiesel remained a matter of question amid the tariffs implemented on biofuels entering the U.S from Canada. The U.S government on March x implemented new tariffs of xxx on biofuels and various other goods. Imports fell sharply with March volumes down nearly xxx year-on-year and exports also dropped significantly reflecting the tepid market sentiments. While the introduction of tariffs resulted in...
