Ruling favors U.S. biodiesel producers
The National Biodiesel Board won a preliminary countervailing duty determination from the Commerce Department regarding subsidized biodiesel imports from Argentina and Indonesia. The ruling says Argentina and Indonesia provide subsidies to their biodiesel producers in violation of international trade rules.
National Biodiesel Board chief operating officer Doug Whitehead says foreign biodiesel producers have benefited from subsidies that have injured U.S. biodiesel producers. The ruling will result in importers of Argentinian and Indonesian biodiesel paying deposits on biodiesel imported from those countries.
Petitions were filed to address a flood of subsidized and dumped imports from Argentina and Indonesia that resulted in market share losses and depressed prices for domestic producers.