Learn about actual and potential costs
How much should I pay for Biodiesel?
What is the average price of Biodiesel?
This procurement report includes pricing information to help you purchase Biodiesel. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Biodiesel been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Biodiesel yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Biodiesel?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Biodiesel with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Market share concentration among biodiesel suppliers is moderate, with the top four players accounting for about 35.0% of the total US market. The top four vendors include Renewable Energy Group, Louis Dreyfus Group, RBF Port Neches and Archer Daniels Midland. Market concentration has been rising slowly during the past three... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Experience and Expertise
How long have you provided these products to your longest-tenured client?
What qualifications does your staff have and what measures do you take to keep those qualifications up to date?
What industry do you most commonly supply this product for?
To what extent will ordering multiple products from your firm allow me to save on costs?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Supply Chain Risk
Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
Has the availability of raw materials tightened due to the coronavirus outbreak?
Over the past three years, what percentage of your revenue has been dedicated to labor?
How have fluctuations in input prices affected the prices of your products during the past three years?
How do you mitigate sudden price increases in raw materials?
When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?
How, if at all, has your supply chain been affected by import tariffs levied in 2018?
How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?
How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?
What ongoing training procedures do you provide for your staff?
Have you ever been found to be noncompliant with regulatory frameworks?
Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
What is your annual biodiesel production capacity?
On average, what are your year-end biodiesel inventories?
How much of your annual production is diverted to blended biodiesel?
How have the regulatory requirements affected your capacity and profit margins?
What percentage of your revenue over the past three years was dedicated to labor? Does this fluctuate seasonally?
What other ongoing fees and expenses do you incur?
How have fluctuations in input prices affected the prices of your product over the past three years? How do you mitigate sudden price increases in input materials?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Do you source materials with a high exposure to market disruptions resulting from the pandemic? How are you coping with these disruptions?
How do you ensure that your biodiesel inventory adheres to regulatory requirements?
Are your operations ready to meet new requirements? Do you offer additional incentives to your clients to encourage biodiesel use?
How has the high rate of regulatory change impacted your revenue and profit?
Have you ever failed to meet a regulatory requirement? What were the consequences?
What quality standards do you implement to ensure the consistent production of high-quality biodiesel?
How much experience do you have producing and supplying fuel for my specifications and volume?
Have you ever received complaints about the performance of your biodiesel? How were these complaints handled?
What makes your company stand out in the market? What sets your fuel apart from that of your competitors?
Do you partner with other suppliers to ensure timely and cost-effective delivery?
How do you ensure timely and accurate shipping?
What systems do you have in place to manage outgoing shipments?
What are your storage and transportation procedures? How does this limit the risk to the products?
Related Products & Services
What types of incentives are available if I bundle my request with a complementary product or service?
IWhat types of complementary services can you provide, if any, to help me effectively manage my fuel consumption and costs?
Do you offer discounts for specific fuel types, blends or brands?
Do you offer samples for testing?
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Key elements for every RFP
What should my RFP include?
Buyers should request a price per gallon of biofuel.
Buyers should request information on the supplier's methodology for adjusting prices over the duration of the contract.
Buyers should provide a total value for the contract.
Suppliers will be evaluated on their ability to offer competitive pricing.
Suppliers will be evaluated on their ability to qualify for tax credits.
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating suppliers.
Buyers should state the date that the RFP was issued.
Buyers should provide suppliers with a due date for proposals.
Buyers should inform suppliers of the award announcement.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Biodiesel suppliers experience high supply chain risk. Major inputs for biodiesel production include oilseed crops, animal fats, chemical additives and costs associated with transport and storage. Suppliers' inputs are subject to volatility in supply and price. Providers' agricultural inputs, which can be impacted by environmental factors and shifts in demand,... Subscribe to learn more.