National Biodiesel Board says dumped Argentine biodiesel on the rise

In Missouri, new data show that dumped and subsidized biodiesel imports from Argentina continue unabated and, in fact, have further surged into the United States. In March of 2017, the National Biodiesel Board (NBB) Fair Trade Coalition filed petitions with the U.S. Department of Commerce and the U.S. International Trade Commission (ITC) alleging that increased volumes of subsidized and dumped biodiesel imports from Argentina and Indonesia have taken market share away from U.S. manufacturers and injured U.S. producers.

On June 2, a business intelligence company reported that biodiesel exports from Argentina in April reached a five-month high, all of which was shipped to the United States. Shipment tracking information shows that significant volumes are expected in June. These reports indicate much higher volumes than were seen in January through March, which ranged from 6 to 23 million gallons (according to EIA). Subsequent to the filing of the petition, Argentina substantially reduced its export taxes on biodiesel, and then lifted those taxes this month—contributing to the increase in shipments and exacerbating already challenging circumstances for U.S. producers.