Argentine biodiesel export tax could support EU prices

In Argentina, Platts expects European biodiesel prices to be supported by the new 8% export tariff lobbed onto Argentine biodiesel exports following significant supply pressure as a result of a return to imports into Europe. The new import tax expected for January 1 could boost FAME-0 prices sufficiently that imports become unviable or that inbound volumes recede significantly as a result. The additional of an export tax is meant to demonstrate that Argentine biodiesel exports aren’t subsidized.

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