Today in Biofuels Opinion: “(EBB) said it had strong indications subsidized and dumped U.S. biodiesel continues to enter the EU.”

From Reuters: “Europe’s biofuels industry said on Thursday it would lodge a complaint with EU trade authorities against companies they say are evading duties slapped on U.S. biodiesel imports…The Brussels-based European Biodiesel Board (EBB) said it had strong indications subsidized and dumped U.S. biodiesel continues to enter the EU market, either via third countries based on fraudulent declarations of origin, or through blends…The EBB said it would file the complaint in coming weeks, but did not identify companies it suspected were involved, nor gave figures, but a spokeswoman said the volumes involved were “substantial.”

Olivier De Schutter, UN special rapporteur on the right to food: “I think that for biofuels there are two very different problems. The first one is that increasingly crops will be diverted to the production of fuel and the pressure on the supply side of the global equation will increase as a result. Many experts agree this was a major cause of the global food price crisis of 2007-2008. The US and the EU – which are major consumers of biofuels – made the markets nervous in 2007-2008. This led to speculation on the markets as a consequence. So this is one problem: this puts pressure on markets that are by definition volatile because of weak elasticity of supply and demand. So, once you introduce the additional biofuel factor in an already strained situation, it can easily lead markets to panic.”

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