Prices for green diesel have now steadied, with farmers securing loads at 78c/l to 81c/l including VAT. Until recently, green diesel prices increased substantially on the back of higher oil prices. In early May, global oil prices reached $80/barrel. Today they are back at $73/barrel. Prices have been volatile because of swings in oil supply. It’s more difficult to predict future prices for a range of reasons, including political tensions in Middle Eastern countries, competition for market share among oil producers, currency fluctuations and uncertainty regarding global demand.
Prices for green diesel have now steadied, with farmers securing loads at 78c/l to 81c/l including VAT. Until recently, green diesel prices increased substantially on the back of higher oil prices. In early May, global oil prices reached $80/barrel. Today they are back at $73/barrel. Prices have been volatile because of swings in oil supply. It’s more difficult to predict future prices for a range of reasons, including political tensions in Middle Eastern countries, competition for market share among oil producers, currency fluctuations and uncertainty regarding global demand.
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