During the week ending on June xth, xxxx, several pivotal factors contributed to the global decline in Biodiesel prices across both the European and APAC regions. In Europe, the downward trend was primarily driven by a significant drop in demand from Asia, strategic manoeuvres by traders, and seasonal adjustments in Biodiesel usage. Simultaneously, the Biodiesel market in Asia experienced a notable decline, chiefly due to lower palm oil prices. This situation was exacerbated by various EU regulatory actions, regional oversupply, and weak demand, all of which intensified the downward pressure on Biodiesel prices in the region.
In the European market, Biodiesel prices slightly decreased by nearly xx, from USD xxxx/MT to USD xxxx/MT in Germany. This decline is primarily attributed to the reduction in palm oil prices in importing countries, leading to a drop in commodity prices in the upstream market. France remains the leading producer of...
