The prices of Biodiesel witnessed a surge in the USA market in the week ending on xxnd November xxxx. The Biodiesel prices were observed to show a bullish market trend after remaining stable for the past few weeks due to various reasons affecting the demand and supply dynamics of Biodiesel in the market.
According to the analysts at ChemAnalyst, the prices of Biodiesel UCO CFR Houston USA were assessed at USD xxxx/MT by the end of xxnd November xxxx. The prices witnessed a surge of x.xx as compared to the previous week. The increase in the prices was attributed to the decreased availability of feedstock Soyabean in the domestic market. Moreover, the continuous increase in the feedstock Soyabean prices since October has affected the production cost during this timeframe. In the feedstock market, net sales of Soyabean oil witnessed a significant surge of xxx...
