Tag: Argentina

Argentina to raise biodiesel export tax to 15% as of July 1

Argentina to raise biodiesel export tax to 15% as of July 1

May 28, 2018 |

In Argentina, Reuters reports that the country’s export tax on soybean oil-based biodiesel will nearly double to 15% as of July 1 from the current 8% level. The move is in part to help boost tax receipts to compensate for the president’s elimination of export taxes on corn and wheat shortly after taking office in […]

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Argentina sets domestic biodiesel price at $887.25 per ton

Argentina sets domestic biodiesel price at $887.25 per ton

May 1, 2018 |

In Argentina, Reuters reports that the government set the price of biodiesel sold in the domestic market at $887.25 per metric ton as of May 1, nearly 5% higher than previously. The law establishing the fixed price of biodiesel was first approved in December 2017 in an attempt to support domestic biodiesel producers who were […]

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UFOP sees dreary future European rapeseed following Argentine and Indonesian biodiesel imports

UFOP sees dreary future European rapeseed following Argentine and Indonesian biodiesel imports

April 17, 2018 |

In Germany, UFOP views the prospects of European rapeseed cultivation as being acutely jeopardized. “The dumping imports from Argentina and Indonesia are becoming a question of survival for European rapeseed producers”, said the Chairman of UFOP, Wolfgang Vogel. The shutdowns and production cutbacks carried out by European biodiesel producers will continue to increase the pressure […]

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Argentina exported biodiesel to Canada for the first time in March

Argentina exported biodiesel to Canada for the first time in March

April 16, 2018 |

In Argentina, with the US biodiesel almost entirely blocked to the imports, Reuters reports that 29,000 metric tons found their way to Canada in March instead—and for the first time ever. Bunge and Argentina’s AGD joint venture Ecofuel sold the biodiesel. The country could potentially buy as much as 200,000 tons of biodiesel this year […]

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Argentina raises ethanol prices for both corn and sugarcane yet again

Argentina raises ethanol prices for both corn and sugarcane yet again

March 29, 2018 |

In Argentina, the government has raised yet again the price oil companies must pay for corn-based ethanol by 10.5% for March with another 7.96% expected for early April, reaching more than 64 cents per liter. Sugar-based ethanol prices will rise as well, though not as much, by 7.5% in March and another 3.54% in April, […]

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European biodiesel industry flooded out by Argentine and Indonesian imports

European biodiesel industry flooded out by Argentine and Indonesian imports

March 12, 2018 |

In the Netherlands, Reuters reports that following the revision of anti-dumping duties on Argentine and Indonesian biodiesel imports into the European Union last year, biodiesel imports soared to 852,000 metric tons between August and January 2018. The sudden influx of supply has European producers worried that they’ll crush beneath the weight of imports and will […]

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ADM wants to buy Bunge for Argentine soy crushing assets

ADM wants to buy Bunge for Argentine soy crushing assets

February 28, 2018 |

In Argentina, Reuters reports that Archer Daniels Midland may not be interested in Bunge’s sugar assets but it certainly wants the company’s four soybean crushing facilities with 18,000 metric tons of daily capacity, along with those in Brazil. A full year of losses for the world’s largest soybean crusher is seen as too difficult to […]

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Indonesia and Argentina to challenge U.S. biodiesel duties at WTO

Indonesia and Argentina to challenge U.S. biodiesel duties at WTO

February 25, 2018 |

In Indonesia, the trade ministry is challenging the latest news from the U.S. on anti-dumping and countervailing duties on Indonesian biodiesel. The U.S. added more import duties on the already steep anti-subsidy duties on biodiesel from Argentina and Indonesia, essentially making it near impossible for biodiesel to enter the U.S. from either of those two […]

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US extends and boosts antidumping duties on Argentine and Indonesian biodiesel imports

US extends and boosts antidumping duties on Argentine and Indonesian biodiesel imports

February 22, 2018 |

In Washington, Secretary of Commerce Wilbur Ross announced the affirmative final determinations in the antidumping duty (AD) investigations of imports of biodiesel from Argentina and Indonesia. ‘Today’s decision allows U.S. producers of biodiesel to receive relief from the market-distorting effects of foreign producers dumping into the domestic market,’ said Secretary Ross. ‘While the United States […]

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UK launches investigation into alleged dumping of Argentine biodiesel

UK launches investigation into alleged dumping of Argentine biodiesel

February 20, 2018 |

In the UK, an investigation was announced in the Official Journal reference C34 on January 31, 2018, relating to imports of biodiesel originating in Argentina. The investigation must be concluded within 13 months, although it can be terminated earlier. A decision to impose provisional duties can be taken after a minimum of 60 days from […]

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