Argentina could get back into US biodiesel market but only if speeds up seed approvals

In Argentina, the US government has offered to resume biodiesel imports in exchange for the country’s quicker approval of seeds developed by American companies. A law was proposed in the Argentine legislature last year that would speed up the regulatory approval process while also allowing for fines to be lobbed against farmers who store seeds for the following season without paying royalty fees to the companies supplying the original seed. The US commerce secretary and Argentine production minister are expected to meet soon to hammer out the deal.