For the Quarter Ending March 2026
Biodiesel Prices in North America
- In the USA, the Biodiesel Price Index rose by 1.87% quarter-over-quarter, reflecting temporary supply tightness.
- The average Biodiesel price for the quarter was approximately USD 1562.00/MT; supply remained balanced overall.
- Biodiesel Spot Price firmed on import premiums and precautionary buying ahead of spring blending commitments.
- Biodiesel Price Forecast sees near-term firmness from outages, then gradual softening as feedstock improves later.
- Biodiesel Production Cost Trend showed upward pressure from elevated vegetable oil costs and higher freight.
- Biodiesel Demand Outlook remained muted as blenders used inventories, limiting discretionary spot purchases and upside.
- Biodiesel Price Index movements moderated as imports offset domestic outages, maintaining spot availability in hubs.
- Producer outages were mostly temporary; market participants expected measured upside before feedstock supply rebalances later.
Why did the price of Biodiesel change in March 2026 in North America?
- Supply disruptions from U.S. plant outages and force majeures tightened spot availability, supporting higher bids.
- Rising palm and vegetable oil prices with higher freight and insurance lifted landed production costs.
- Imports and routine blending demand tempered panic buying, as inventories and cautious procurement limited upside.
Biodiesel Prices in APAC
- In Indonesia, the Biodiesel Price Index rose by 2.32% quarter-over-quarter, driven by firmer feedstock costs.
- The average Biodiesel price for the quarter was approximately USD 1234.33/MT, reflecting tighter UCO availability.
- Biodiesel Spot Price rose in March as Ramadan-related logistics tightened UCO collections and prompt availability.
- Biodiesel Price Forecast anticipates near-term firmness from compliance buying, easing later as feedstock supply improves.
- Biodiesel Production Cost Trend stayed elevated due to higher vegetable oil and imported methanol costs.
- Biodiesel Demand Outlook remained constructive with mandated blending and Q2 compliance buying supporting firm interest levels.
- Biodiesel Price Index volatility mirrored inventory swings and shifting export inquiries, prompting adjustments to offers.
- Low port inventories and rising bunkering demand tightened prompt supply, reinforcing upward pressure on Biodiesel.
Why did the price of Biodiesel change in March 2026 in APAC?
- Seasonal Ramadan logistics reduced UCO collections, tightening feedstock and lifting near-term biodiesel production costs materially.
- Elevated vegetable oil and imported methanol prices pushed production cost trend higher, constraining seller margins.
- Export inquiry timing and inventory rebalancing reduced prompt availability, supporting near-term price increases in March.
Biodiesel Prices in Europe
- In Spain, the Biodiesel Price Index rose by 2.06% quarter-over-quarter, reflecting firmer feedstock and logistics.
- The average Biodiesel price for the quarter was approximately USD 1417.00/MT, reflecting measured spot activity.
- Biodiesel Spot Price flashed firmer mid-March as feedstock shocks and shipping delays tightened prompt availability.
- Biodiesel Production Cost Trend rose driven by palm oil and energy price spikes compressing margins.
- Biodiesel Demand Outlook supported by mandated blending, while spot purchasing stayed cautious amid geopolitical uncertainty.
- Biodiesel Price Forecast signals near-term firmness from constrained supply, with gradual moderation as logistics normalize.
- Inventory accumulation in ARA reduced seller leverage, but export enquiries and restocking supported market resilience.
- Spanish plant outages and weather disruptions reduced output, increasing short-term reliance on imported prompt cargoes.
Why did the price of Biodiesel change in March 2026 in Europe?
- Supply disruptions from winter outages and Hormuz delays tightened feedstock flows and reduced prompt availability.
- Rising vegetable-oil and energy costs raised Biodiesel Production Cost Trend, pressuring margins and seller pricing.
- Spot demand softened as buyers drew down inventories, while mandatory blending maintained structural consumption levels.
For the Quarter Ending December 2025
APAC
- In Indonesia, the Biodiesel Price Index fell by 0.14% quarter-over-quarter, reflecting oversupply and feedstock easing.
- The average Biodiesel price for the quarter was approximately USD 1206.33/MT, serving domestic benchmarking purposes.
- December Biodiesel Spot Price tracked nearby CPO and methanol, tightening margins for refinery operators domestically.
- Biodiesel Production Cost Trend showed upward pressure from methanol and freight increases, lifting cash-cost baselines.
- Biodiesel Demand Outlook remained steady with B50 pilot, industrial procurement and mandatory blending supporting offtake.
- Biodiesel Price Forecast signals volatility as policy changes, CPO supply and import flows influence direction.
- Inventories, export demand influenced the Biodiesel Price Index, with port congestion and freight affecting availability.
- Major producer operating rates held normal, limiting supply shocks while policy measures shaped market sentiment.
Why did the price of Biodiesel change in December 2025 in APAC?
- Expanding CPO output increased feedstock availability, reducing marginal production costs and pressuring domestic biodiesel pricing.
- B50 road tests boosted demand, offsetting downward price pressure from abundant stocks and weak exports.
- Logistics delays and higher freight costs raised landed import expenses, contributing to elevated biodiesel costs.
Europe
- In Spain, the Biodiesel Price Index fell by 1.77% quarter-over-quarter, reflecting easing feedstock costs overall.
- The average Biodiesel price for the quarter was approximately USD 1388.33/MT, reflecting FD Spain conditions.
- Biodiesel Spot Price remained range-bound while the Price Index signalled sideways movement amid balanced supply.
- Biodiesel Production Cost Trend eased slightly as rapeseed and recycled feedstock availability improved marginally recently.
- Biodiesel Demand Outlook stays supported by blending mandates and resilient diesel consumption across transport sectors.
- Biodiesel Price Forecast indicates modest upside toward winter as restocking meets constrained waste-based feedstock supply.
- Biodiesel Price Index showed intermittent firming as coastal inventories thinned and export competition limited inflows.
- Domestic plant utilization subdued; imminent capacity additions may increase output and influence Biodiesel Price Index.
Why did the price of Biodiesel change in December 2025 in Europe?
- Tight waste-based feedstock availability in Europe compressed supply, elevating production margins and pushing prices higher.
- EU import constraints and anti-dumping measures limited palm-methyl-esters inflows, reducing replacement cargoes and tightening markets.
- Seasonal restocking and mandate-driven blending increased domestic offtake while freight and logistics remained broadly stable.
North America
- In the USA, the Biodiesel Price Index fell by 1.6% quarter-over-quarter, reflecting softer import costs.
- The average Biodiesel price for the quarter was approximately USD 1533.33/MT, supporting blending activity regionally.
- Biodiesel Spot Price momentum remained muted as Gulf CFR offers reflected balanced inventories and arbitrage.
- Biodiesel Price Forecast shows modest upside into Q1 from feedstock firmness and blending mandates ahead.
- Biodiesel Production Cost Trend rose as UCO and vegetable oil premiums increased, elevating replacement costs.
- Biodiesel Demand Outlook remains constructive with RVO-driven blending and steady industrial transport consumption through winter.
- Biodiesel Price Index found support from tight Gulf inventories and anti-dumping restrictions limiting cheap imports.
- Lean terminal stocks and persistent freight charges tightened availability, sustaining CFR offers into year-end activity.
- Regional plant turnarounds and variable European runrates constrained December exports, supporting near term price resilience.
Why did the price of Biodiesel change in December 2025 in North America?
- Tighter European UCO cargoes and anti-dumping restrictions reduced cheap imports, raising replacement costs and landed prices.
- Firm feedstock premiums and slight freight cost persistence elevated production and transportation costs, pressuring spot offers.
- Regulatory RVO activity and year-end blending urgency sustained demand, supporting bids despite neutral domestic industrial consumption.
For the Quarter Ending September 2025
North America
- In USA, the Biodiesel Price Index rose by 2.03% quarter-over-quarter, supported by policy and feedstock.
- The average Biodiesel price for the quarter was approximately USD 1558.33/MT, reflecting stable CFR Houston.
- Biodiesel Spot Price remained firm, supported by strong domestic blending demand and CFR Houston imports.
- Biodiesel Price Forecast suggests modest upside from mandates, though feedstock oversupply risks could temper gains.
- Biodiesel Production Cost Trend shows rising soybean oil expenses offset by increased domestic crush capacity.
- Biodiesel Demand Outlook remains constructive on RFS mandates, B20 adoption, and seasonal transport fuel demand.
- Biodiesel Price Index volatility eased as inventories balanced, selective outages occurred, and imports remained constrained.
- Biodiesel Spot Price and Price Index movements reflected tax credit reforms, logistic stability, exporter demand.
Why did the price of Biodiesel change in September 2025 in North America?
- Policy reforms reduced imported biofuel competitiveness, redirected demand to domestic producers, pressuring CFR Houston volumes.
- Feedstock dynamics, notably soybean oil tightening and high crush margins, increased production costs and supported spot prices.
- Inventory levels and export activity moderated domestic demand, while logistics and refinery utilization maintained balanced supply.
APAC
- In Indonesia, the Biodiesel Price Index rose by 6.28% quarter-over-quarter, driven by higher feedstock palm oil and mandate demand.
- The average Biodiesel price for the quarter was approximately USD 1208.00/MT, reflecting domestic blending demand and elevated CPO costs.
- Biodiesel Spot Price showed weekly stability, with inventory builds and steady export inquiry tempering upside despite feedstock tightness.
- Biodiesel Production Cost Trend rose as palm oil and UCO input prices increased, compressing refinery margins.
- Biodiesel Demand Outlook remains firm due to B40 mandate, subsidy support, and robust domestic transportation and industrial offtake.
- Biodiesel Price Forecast indicates modest quarter-end volatility driven by seasonal diesel consumption and feedstock supply fluctuations.
- Price Index momentum benefited from full plant utilisation, stable logistics, and limited operational disruptions across Indonesian producers.
Why did the price of Biodiesel change in September 2025 in APAC?
- Persistent B40 blending demand and government subsidies sustained domestic consumption mid-year, tightening available biodiesel volumes.
- Rising crude palm oil and UCO feedstock costs increased production breakevens, exerting upward pressure on biodiesel pricing.
- Smooth port operations tempered disruption risk, while export enquiries and seasonal demand created mild short-term volatility.
Europe
- In Spain, the Biodiesel Price Index rose by 1.97% quarter-over-quarter, reflecting regulatory-driven demand and steady feedstock flows.
- The average Biodiesel price for the quarter was approximately USD 1413.33/MT, reflecting steady procurement and inventory balances.
- Biodiesel Price Index remained range-bound as balanced supply and summer diesel blending supported moderate price stability.
- Biodiesel Spot Price exhibited limited weekly volatility despite tightening feedstock availability and Asian import competition pressuring margins.
- Biodiesel Production Cost Trend saw upward pressure from EU compliance costs and steady energy tariffs affecting processing expenses.
- Biodiesel Demand Outlook remains firm from blending mandates and maritime compliance shifts, sustaining baseline procurement into Q4.
- Biodiesel Price Forecast indicates modest upside risk from regulatory shifts, seasonal diesel demand and inventory drawdowns.
Why did the price of Biodiesel change in September 2025 in Europe?
- Balanced supply and steady UCOME arrivals marginally limited upside despite modest seasonal diesel demand increases.
- Regulatory compliance costs and FuelEU Maritime transposition tightened supply options, raising short term price support.
- Asian import discounts and thinner liquidity pressured spot trading, creating mild downward momentum by late September.
For the Quarter Ending June 2025
North America
- The Price Index of Biodiesel rose by 1.4% quarter-on-quarter, closing at USD 1550/MT UCO CFR Houston by late June. Fluctuated mid-quarter with stable gains in May and June.
- Why did the Price Index change in July 2025?
Expected to stay firm or edge up, supported by high soybean oil prices and regulatory clarity from the EPA.
- Biodiesel Spot Price: Held within USD 1520–1550/MT range. June’s 1.31% rise driven by bullish feedstock and EPA volume targets.
- Biodiesel Forecast: Short-term outlook remains firm due to strong blending mandates and forward-buying triggered by rising RINs.
- Biodiesel Production Cost Trend: Climbed in Q2 as soybean oil surged >6% mid-June. Domestic feedstock costs rose due to tighter EPA policies on imports and credits.
- Biodiesel Demand Outlook was strong, aided by increase in distillate fuel use. Blending mandates and summer driving sustained stable uptake.
- Credit Market Impact: D4 RINs rose from 109¢ to 132¢ by June. LCFS credits remained flat, limiting additional pricing pressure.
- Policy Influence: EPA’s proposed 2026–2027 blending targets boosted confidence. Uncertainty over SREs led to cautious but forward-leaning procurement.
- Import Substitution: EPA curbs on imported fuel credits redirected demand to domestic biodiesel, increasing market share for U.S. producers.
- No major disruptions. Strong U.S. dollar offered mild relief on imports, but domestic dynamics remained dominant.
APAC
- Price Index declined by 1.6% quarter-on-quarter, with Biodiesel Spot Price assessed at USD 1150/MT UCO FOB Qingdao in June 2025. Market conditions fluctuated between bearish and mildly bullish trends due to shifting export patterns, feedstock dynamics, and evolving policy drivers.
- Market activity remained sluggish as UCO trading was limited, with participants unwilling to revise expectations. Export competitiveness weakened due to pressure from Southeast Asian suppliers.
- Export disruptions intensified after key Western markets imposed high tariffs, leading to rerouting of UCO and biodiesel cargoes to alternative Asian destinations. This created short-term oversupply and strained producer margins.
- Policy shifts, including the removal of tax incentives and new SAF demand, encouraged a pivot toward domestic consumption, but capacity utilization remained low.
- A brief improvement in buying interest was observed due to tightening UCO availability and logistical restocking, though this support was temporary.
- Demand from transportation and industrial sectors stayed soft, weighed down by high inventories, limited blending mandates, and weak export offtake.
- Southeast Asian UCOME imports-maintained pressure on domestic producers, further constraining pricing power and delaying recovery in production economics.
- Overall, the Biodiesel Demand Outlook remained muted, with producers focusing on realigning supply chains toward SAF and marine fuels while awaiting policy clarity and stronger downstream uptake.
- The Biodiesel Forecast suggests a slow recovery path, contingent on successful market diversification and improved domestic absorption.
- The Biodiesel Production Cost Trend stayed mostly neutral, supported by steady UCO input prices but challenged by low operating rates and compressed margins.
Europe
- The Biodiesel Price Index increased by +3.3% quarter-on-quarter driven by fluctuating supply-demand fundamentals, seasonal blending shifts, and rising gasoil benchmarks.
- The Biodiesel Price Index softened in early Q2 as UCOME premiums narrowed due to improved feedstock availability and reduced blending activity.
- Market sentiment turned stable by late April and May, supported by consistent demand from transport and industrial sectors under RED II compliance.
- The Biodiesel Demand Outlook in May remained cautiously optimistic, backed by sustainability-linked procurement, though trading was moderate amid logistical constraints.
- In June, the Price Index first dipped on weak transport fuel demand and oversupply, then rebounded as geopolitical tensions lifted gasoil prices, tightening biodiesel availability.
- Biodiesel Production Cost Trend reflected margin pressures from high fossil fuel costs and declining replacement values, challenging producers despite firm spot demand.
- The Biodiesel Forecast for July suggests potential upside from seasonal demand and geopolitical volatility, though gains may be capped by soft certificate markets and flat compliance-driven support.
