Unanimous USITC Vote Determines Antidumping and Countervailing Duties Remain Through 2028
The U.S. International Trade Commission (USITC) voted unanimously to leave the existing antidumping and countervailing duty measures imposed against Argentina and Indonesia in place. The USITC determined during its five-year (“sunset”) review, removing the import barriers would likely lead to material economic harm to U.S. biofuel producers through unfair trade practices.
Back in 2017, The Commerce Department concluded that foreign biodiesel producers in Argentina and Indonesia benefited from subsidies that injured domestic US biodiesel producers, leading to the imposition of antidumping and countervailing duties. Imports of biodiesel from Argentina totaled more than 445 million gallons in 2016 and accounted for 23.5 percent of the RFS D4 renewable volume obligation.
For the purpose of antidumping investigations, dumping occurs when a…
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...