Commerce Dept. determines dumping of biodiesel imports
The National Biodiesel Board (NBB) says the U.S. Commerce Department has found that biodiesel imports from Argentina and Indonesia have been sold into the U.S. below fair value and the department has imposed preliminary duties on imports from those countries.
The NBB Fair Trade Coalition had filed the complaint that the countries were unfairly dumping biodiesel into the U.S. – saying it depressed prices for domestic producers and took away market share. Imports of biodiesel from those countries increased by more than 450% between 2014 and ’16.
The ruling requires importers of biodiesel from Argentina and Indonesia to pay cash deposits on them.
A final determination from the Commerce Department on the issue is expected next month and from the International Trade Commission in December.