# NBB testifies on damage done by Indonesian biodiesel imports - Biofuels International Magazine

> The US National Biodiesel Board testified at a Commerce Department hearing that subsidised and dumped Indonesian biodiesel imports have injured US producers. It said the US biodiesel trade deficit with Indonesia grew 95% between 2014 and 2016. It also cited Indonesian export taxes on crude palm oil as an unfair advantage.

- Date: 2017-05-24 · published 2017-05-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/70906-nbb-testifies-on-damage-done-by-indonesian-biodiesel-imports-biofuels
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

If the US acts against Indonesian biodiesel imports, US soybean oil demand from domestic biodiesel producers could rise while Indonesian palm oil loses an export outlet. This is a trade-policy risk for vegetable oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2017-10-24 | [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% |
| 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 | 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% |
| PALMOIL | 2017-11-21 | [Biodiesel makers in Indonesia look for new export markets - Biofuels International Magazine](https://feedsoft.ai/events/67866-biodiesel-makers-in-indonesia-look-for-new-export-markets-biofuels.md) | +0.0% | -5.0% |
| PALMOIL | 2023-08-17 | [EU starts probe on Indonesian biodiesel avoiding import duties](https://feedsoft.ai/events/15710-eu-starts-probe-on-indonesian-biodiesel-avoiding-import-duties.md) | +0.1% | -1.3% |
| PALMOIL | 2019-07-25 | [EU plans to impose import duties on Indonesia biodiesel \| The Star](https://feedsoft.ai/events/57980-eu-plans-to-impose-import-duties-on-indonesia-biodiesel-the-star.md) | +0.2% | +8.1% |

## Sources

- biofuels-news.com: https://biofuels-news.com/news/nbb-testifies-on-damage-done-by-indonesian-biodiesel-imports/

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