EU Council confirms it won’t appeal biodiesel duty cases via Twitter

In Belgium, Platts reports that the EU Council confirmed via Twitter it has withdrawn its appeals on six biodiesel duty cases against Argentina and Indonesia at the European Court of Justice, allowing biodiesel flows from the two countries to continue as they have since November when anti-dumping duties were lowered significantly. With rumors in the market that anti-dumping duties against Indonesian biodiesel could be dropped all together, FAME 0 prices have fallen to a 22-month low.