Verbio CEO says Argentina and Indonesian biodiesel imports could reach 5 million tons

In Germany, Reuters reports the CEO of German biofuels producer Verbio AG said Argentine and Indonesian biodiesel producers can sell landed biodiesel in Europe for as much as $60 per metric tons cheaper than European biodiesel producers can source feedstock, meaning the European market is likely to be inundated with imports following the European Court of Justice ruling that struck out anti-dumping duties. He expects imports to reach as high as 5 million tons against demand of 12 million tons.