A vote by the International Trade Commission confirms the U.S. biodiesel industry has suffered because of unfairly subsidized imports of biodiesel from Argentina and Indonesia. In a case filed by the National Biodiesel Board, the Commission voted 4-0 Tuesday. NBB called the vote “important progress” to addressing the trade issue. Last month, producers testified on the volume and price effects of biodiesel imports from Argentina and Indonesia, and the related impacts to the industry at a hearing before the ITC commissioners. The NBB Fair Trade Coalition filed petitions with the Commerce Department and the ITC in March to address a flood of subsidized and dumped imports from Argentina and Indonesia that has resulted in market share losses and depressed prices for domestic producers.
Biodiesel imports from Argentina and Indonesia surged by 464 percent from 2014 to 2016, taking 18.3 percentage points of market share from U.S. manufacturers.
Source: NAFB News Service