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Argentina will levy an 8% export tax on biodiesel starting next year, according to a decree published in the official gazette. The move came days after the US International Trade Commission confirmed anti-dumping and anti-subsidy duties on Argentine and Indonesian biodiesel for at least five years.
The government cited the need to harmonize with the 27% tax on soybean oil exports.
The tax raises the cost of Argentine biodiesel exports, which may reduce shipments and modestly support soybean oil demand in other markets. The effect on prices is likely limited because soybean oil export taxes already apply.
hydrocarbonprocessing.comDec 13, 2017After 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.
