Judge Claire Kelly of the US Court of International Trade ruled to uphold both the antidumping and countervailing duties imposed on Argentina. In November of 2020 the court asked the US Department of Commerce to explain why antidumping charges were needed, given that Commerce had also imposed countervailing duties to address Argentina’s particular market situation (PMS) to address subsidies the government provided biodiesel producers.
Commerce conducted a “pass-through” analysis of prices for US sales of subject Argentine biodiesel to demonstrate that the countervailed export tax regime did not affect the difference between the constructed value of the merchandise and the US prices in this instance. The court accepted Commerce’s analysis, leaving both the antidumping and countervailing duties in place. Argentina will have until late May to decide if it wants to pursue the case…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...