# The Chain: U.S. Biodiesel Indonesian Countervailing Duty Ruling May Impact Wilmar, Others - Chain Reaction Research

> On November 9, the US Commerce Department announced final countervailing duties on imported biodiesel from Indonesia and Argentina, alleging subsidies. The ruling affects Wilmar and Musim Mas, which export biodiesel to the US. Antidumping and ITC injury investigations are still ongoing.

- Date: 2017-10-24 · published 2017-10-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/68341-the-chain-u-s-biodiesel-indonesian-countervailing-duty-ruling-may-impact-wilmar
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Final countervailing duties would raise the cost of Indonesian and Argentine biodiesel in the US, supporting US soybean oil and weighing on palm oil exports. The ITC injury vote could still end the process.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-10-25 | [Indonesia to Challenge U.S Antidumping Duty on Biodiesel - The Insiders Stories](https://feedsoft.ai/events/68339-indonesia-to-challenge-u-s-antidumping-duty-on-biodiesel-the-insiders-stories.md) | +1.2% | -0.5% |
| SBO | 2017-08-28 | [Federal Register
       :: 
      Biodiesel From the Republic of Indonesia: Preliminary Affirmative Countervailing Duty Determination](https://feedsoft.ai/events/69314-federal-register-biodiesel-from-the-republic-of-indonesia-preliminary.md) | +2.0% | -2.4% |
| SBO | 2017-08-24 | [Markets respond to US duties on Argentine and Indonesian biodiesel - Biofuels International Magazine](https://feedsoft.ai/events/69541-markets-respond-to-us-duties-on-argentine-and-indonesian-biodiesel-biofuels.md) | -1.1% | -1.8% |
| SBO | 2018-01-29 | [WTO Rules in Favor of Indonesia on EU's Biodiesel Anti-Dumping Duties \| Indonesia Investments](https://feedsoft.ai/events/66874-wto-rules-in-favor-of-indonesia-on-eu-s-biodiesel-anti-dumping-duties-indonesia.md) | -0.9% | -0.5% |
| SBO | 2017-12-28 | [Canadian canola benefiting from US duties on Argentine and Indonesian biodiesel  : The Daily Digest](https://feedsoft.ai/events/67573-canadian-canola-benefiting-from-us-duties-on-argentine-and-indonesian-biodiesel.md) | +2.0% | -0.8% |
| PALMOIL | 2017-11-16 | [Federal Register
       :: 
      Biodiesel From the Republic of Indonesia: Final Affirmative Countervailing Duty Determination](https://feedsoft.ai/events/67864-federal-register-biodiesel-from-the-republic-of-indonesia-final-affirmative.md) | -0.5% | -7.2% |
| PALMOIL | 2017-10-25 | [Indonesia to Challenge U.S Antidumping Duty on Biodiesel - The Insiders Stories](https://feedsoft.ai/events/68339-indonesia-to-challenge-u-s-antidumping-duty-on-biodiesel-the-insiders-stories.md) | +0.3% | +0.1% |
| PALMOIL | 2017-08-28 | [Federal Register
       :: 
      Biodiesel From the Republic of Indonesia: Preliminary Affirmative Countervailing Duty Determination](https://feedsoft.ai/events/69314-federal-register-biodiesel-from-the-republic-of-indonesia-preliminary.md) | +1.6% | +5.4% |

## Sources

- chainreactionresearch.com: https://chainreactionresearch.com/the-chain-u-s-biodiesel-indonesian-countervailing-duty-ruling-may-impact-wilmar-others/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.