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The EU Trade Defence Instruments Committee approved anti-subsidy duties on Argentine biodiesel imports on January 30, 2019, alongside a price undertaking. Under the deal Argentina can export about 1.2 million tonnes of biodiesel duty-free to the EU, around 10% of EU biodiesel consumption.
UFOP says European oilseed producers are losers because the minimum import price is tied to soybean oil prices.
Duty-free Argentine biodiesel could displace EU rapeseed-based biodiesel demand, weakening European oilseed prices. Minimum import prices linked to soybean oil may limit how far that competition pushes soyoil prices down.
bioenergyinternational.comBioenergy InternationalFeb 5, 2019After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
