Commodities News and Headlines

AOM Biodiesel Deals Hit 2-Year High in January

European biodiesel trading on Argus Open Markets surged to its strongest January level in two years, driven by the EU’s revised Renewable Energy Directive (RED III) and Germany’s new rule eliminating carry‑over of surplus GHG certificates. The stricter mandates, which require 29 % renewable content by 2030, forced market participants to secure more physical fuel, especially rapeseed methyl ester (RME). The removal of double‑counting for waste‑based biofuels further shifted demand toward crop‑based biodiesel and hydrotreated vegetable oil. RME prices fell 40 % year‑on‑year to $1,198 per tonne.