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The European Union (EU) has maintained its tariffs on US biodiesel for another five years after concluding that removing them would lead to an increase in imports at artificially low prices, the EU said. Reuters .
Since 2009, the tariffs would be extended until 2026, the EU's official newspaper said on August 2.
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In its analysis of the case, the European Commission (EC) concluded that American producers could increase their capacity and also divert some of their exports from less profitable markets to the EU if the tariffs were removed, wrote the Reuters .
North American producers, who benefited from subsidies that included tax credits, concessions and loan guarantees, were already selling to third countries at prices lower than those in the United States, according to the report.
Anti-dumping duties ranged from zero to €198/tonne (US$ 235), and subsidy-related fees ranged from €211.2 to €237.0/tonne, wrote the Reuters, and were not cumulative, with the higher of the two rates applying.
The initial case was brought by the European Biodiesel Council on behalf of EU producers such as France's Saipol and Germany's Verbio, according to the report from Reuters.
This text has been automatically translated from English.
Source: Oils & Fats International (OFI)
