U.S. sets antidumping duties on Argentine, Indonesian biodiesel
Source: Reuters
#COMMODITIES OCTOBER 23, 2017 / 6:27 PM / UPDATED 13 MINUTES AGO
U.S. sets antidumping duties on Argentine, Indonesian biodiesel
Reuters Staff
2 MIN READ
WASHINGTON (Reuters) - The U.S. Commerce Department on Monday set preliminary antidumping duties on imports of biodiesel from Argentina and Indonesia, after an initial finding that the products were being sold under market value in the United States.
The department set antidumping duties ranging from 54.36 percent to 70.05 percent on soy-based biodiesel from Argentina, and 50.71 percent on palm oil biodiesel from Indonesia, it said in a statement.
Commerce Secretary Wilbur Ross said in the statement that the government of Argentina has asked for negotiations, and that the department is working on possible suspension agreements.
U.S. producers of biodiesel petitioned their government earlier this year, saying foreign imports came into the country below market value, harming domestic makers.
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Read more: http://www.reuters.com/article/us-usa-biodiesel/u-s-sets-antidumping-duties-on-argentine-indonesian-biodiesel-idUSKBN1CS2TT