Argentina hits biodiesel industry again with another boost to export tax

March 14, 2016 |

In Argentina, the government boosted the biodiesel export tax for March to 6.4% up from 3.9% in February in a move that will weak knee the biodiesel industry still roiling from import restrictions into the European market. Currently biodiesel producers are running at 60% of production capacity due to limited export opportunities, limited further by these increased taxes, and a saturated domestic market. The local biofuel producers association has criticized the move as making no sense.

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Category: Policy

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