04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
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…