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MARKET DEVELOPMENT
Biofuels Digest Index Drops To 73.89 As EPA’s Palm Oil Biodiesel ‘No” Bites
calendar31-01-2012 | linkBiofuels Digest | Share This Post:

31/01/2012 (Biofuels Digest) - The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.47 percent to 73.89 as Mission NewEnergy and Aventine plunged. For the day, BP dropped 2.39 percent to $43.70, while Mission NewEnergy (MNEL) dropped a whopping 30.91 percent to $1.52 after palm oil biodiesel outlook for the US darkened. Among other equities, Aventine Renewables (AVRW) topped MNEL, plummeting 33.33 percent to $3.00. Overall, declines led advances 9 to 5 for the day.