Argentina’s biodiesel exports broke record in 2017 but 2018 looks rough

In Argentina, despite challenges in the biodiesel export market with the US and European Union, the country still managed to break its export record in 2017 at 1.68 million metric tons, according to data from Centro de Estudios del Sistema Agroalimentario (Ceagro) at the Universidad Nacional de Lomas de Zamora. However, more than 1 million tons went to the US, a market that will shrink almost entirely. An increase on export taxes to 8% in 2018 is expected to hit export this year as well as the ongoing blockade by the US.