CORRECTED-UPDATE 1-Argentina Raises Biodiesel Export Tax to 15 Percent
by Caroline Stauffer and Maximilian Heath (Reuters) Argentina’s government is raising an export tax on biodiesel to 15 percent from 8 percent, effective July 1, according to a decree published in the official Gazette on Monday.
Argentina is one of the world’s top providers of biodiesel fuel, exporting 1.65 million tonnes in 2017, but it has been hit by retaliatory tariffs in recent years.
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The decree, signed by president Mauricio Macri, is meant to “continue fostering convergence” between biodiesel export taxes and soy oil export taxes.
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Treasury Minister Nicolas Dujovne said last week the government may stop gradually lowering soybean export taxes as it tries to lower the deficit. READ MORE
Argentina ups biodiesel export tax to 15% (Biofuels International)