13.02.2019

Eight Argentine biodiesel producers exempted from duties

The European Union and Argentina reached an agreement about biodiesel imports into the EU. Eight Argentine biodiesel producers will be allowed to export to the EU without paying duties as long as they sell at a set minimum price. The companies that have signed up are Aceitera General Deheza, Bunge Argentina, LDC Argentina, Molinos Agro, Oleaginosa Moreno Hermanos, Vicentin, Cargill and COFCO International Argentina. The price will be linked to the average monthly soybean price quotations published by Argentina’s agriculture ministry which reflect the inclusion of the export tax. The duties and the minimum price scheme will take effect from Wednesday, the EU's official journal said.

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