UFOP applauds EU action on Argentine, Indonesian biodiesel

In Germany, The Union zur Förderung von Oel- und Proteinpflanzen (UFOP e.V.) applauded the European Commission’s positive decision in the evidentiary procedure for the opening of anti-dumping proceedings against biodiesel imports from Argentina and Indonesia. UFOP said that “the export practices of these countries have led to ruinous competitive distortions for the European biodiesel industry in the EU’s internal market. The biodiesel market in the European Union has been characterised by underutilization of capacity, operational shutdowns and bankruptcies on the one hand, and sharply increasing imports, especially of soy methyl ester, on the other. With the evidence-gathering procedure the Commission recognises a differentiated export tax system as the cause. For example, Argentina supports biodiesel exports with what is a very low export tax compared to soya beans and soya bean oil.”