Argentina expects biofuel exports to Europe to pass 500,000 tons in 2018

In Argentina, following the drop in anti-dumping tariffs to a maximum of 8.1% in September, the biodiesel industry has already exported 300,000 tons to the European Union, and it expects exports will jump to at least 500,000 metric tons next year. Prior to 2013 when the tariffs of up to 25.7% were imposed, Europe had been Argentina’s largest biodiesel export market. Despite the increase in exports to Europe, a drastic fall in exports to the US following the imposition of anti-dumping tariffs there saw overall Q3 exports drop year-on-year to $739 million.