# Markets respond to US duties on Argentine and Indonesian biodiesel - Biofuels International Magazine

> U.S. soyoil prices rose 1.8% after Washington imposed countervailing duties of up to 68.28% on biodiesel imports from Argentina and Indonesia. Argentine producers have threatened to halt exports to the U.S. in response.

- Date: 2017-08-24 · published 2017-08-24T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/69541-markets-respond-to-us-duties-on-argentine-and-indonesian-biodiesel-biofuels
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Duties restrict cheaper imported biodiesel, shifting demand to domestic supply and lifting soybean oil prices, with soymeal crush economics also affected.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-05-24 | [NBB testifies on damage done by Indonesian biodiesel imports - Biofuels International Magazine](https://feedsoft.ai/events/70906-nbb-testifies-on-damage-done-by-indonesian-biodiesel-imports-biofuels.md) | -3.1% | -1.5% |
| SBO | 2017-06-02 | [Soybean oil price set to rise in 2018 due to US biodiesel anti-dumping policy - Biofuels International Magazine](https://feedsoft.ai/events/70358-soybean-oil-price-set-to-rise-in-2018-due-to-us-biodiesel-anti-dumping-policy.md) | +1.9% | +3.7% |
| 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% |
| 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 | 2017-10-24 | [The Chain: U.S. Biodiesel Indonesian Countervailing Duty Ruling May Impact Wilmar, Others - Chain Reaction Research](https://feedsoft.ai/events/68341-the-chain-u-s-biodiesel-indonesian-countervailing-duty-ruling-may-impact-wilmar.md) | +0.1% | -2.0% |
| SOY | 2017-08-23 | [Argentine biodiesel industry says U.S. duties will halt exports](https://feedsoft.ai/events/69539-argentine-biodiesel-industry-says-u-s-duties-will-halt-exports.md) | -0.3% | +3.9% |
| SOY | 2026-09-12 | [Argentina soybean sales speed up as prices rise on China demand, US crop concerns - Markets - Business Recorder](https://feedsoft.ai/events/13779-argentina-soybean-sales-speed-up-as-prices-rise-on-china-demand-us-crop.md) | +1.8% | +0.9% |
| SOY | 2024-06-29 | [Argentina soybean sales stall in June - Markets - Business Recorder](https://feedsoft.ai/events/13915-argentina-soybean-sales-stall-in-june-markets-business-recorder.md) | +2.1% | -8.3% |

## Sources

- biofuels-news.com: https://biofuels-news.com/news/markets-respond-to-us-duties-on-argentine-and-indonesian-biodiesel/

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