Platts will launch calculated biodiesel FOB Argentina price, May 5

Platts, part of S&P Global Commodity Insights, will launch a daily calculated assessment reflecting the value of biodiesel exported from Argentina, effective May 5, 2025.

The biodiesel assessment will reflect cargoes meeting specifications established by both Resolution 1283/2006 from Argentina's Energy Secretary and EN 14214 from the European Committee for Standardization.

Platts recognizes the majority of biodiesel produced in Argentina is soy methyl ester (SME) derived from soybean oil, and as such would calculate the biodiesel price by considering its daily Argentina FOB Up River soybean oil price assessment (SYOAA00), the 24.5% export duty on soybean oil, the 23% export duty on biodiesel, and a premium to account for associated production costs required to produce biodiesel. The value will be published in US dollars/mt.

Platts will update export duty values in the formula upon any changes from the Argentine government, as tracked in the Boletín Oficial de la República Argentina, and will notify the market of any changes via subscriber notes as required. The next update on export duties is scheduled for June 30, 2025, when the current duties are set to expire.

The price reflects FOB Up River basis for bulk export cargoes, typically around 30,000 mt.

The calculated assessment will follow the Platts Argentina publishing schedule and will appear in the Platts price database under the code AARGA00, in the Biofuelscan report, as well as on Platts Biofuels Alert.

Please send all feedback, comments, or questions on this proposal, to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com, including the typical specifications of Argentine biodiesel exports.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.