U.S. Sets Antidumping Duties on Argentine, Indonesian Biodiesel

October 25, 2017

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by Eric Walsh (Reuters) The U.S. Commerce Department set preliminary antidumping duties on imports of biodiesel from Argentina and Indonesia, after an initial finding that the products used as motor fuel were being sold at prices below market value in the United States.

The antidumping duties set range from 54.36 percent to 70.05 percent on soy-based biodiesel from Argentina, and 50.71 percent on palm oil biodiesel from Indonesia, the Commerce Department said in a statement on Monday.

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U.S. producers of biodiesel petitioned the government earlier this year, saying foreign imports came into the United States below market value, harming domestic makers.

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In 2016, imports of biodiesel from Argentina and Indonesia were valued at an estimated $1.2 billion and $268 million, respectively, according to the Commerce Department.

Argentina last year accounted for two-thirds of U.S. biodiesel imports, totaling 916 million gallons (3.5 billion liters), according to U.S. government data. READ MORE

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