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US adds dumping duties on biodiesel from Argentina, Indonesia

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US adds dumping duties on biodiesel from Argentina, Indonesia

The U.S. Department of Commerce confirmed Feb. 21 its preliminary finding that Argentina and Indonesia engaged in dumping of biodiesel and selling them in the U.S. at less than fair value.

Based on the results — which found Argentina sold biodiesel at 60.44% to 86.41% lower than fair value, and Indonesia did at 92.52% to 276.65% — the department will order U.S. Customs and Border Protection to collect deposits from biodiesel importers from Argentina and Indonesia based on the final rates.

The department noted that biodiesel imports from Argentina and Indonesia were recorded and valued at about $1.2 billion and $268 million, respectively, in 2016.

U.S. Secretary of Commerce Wilbur Ross said the affirmative final determinations in the antidumping duty investigations provide relief to U.S. producers affected by "market-distorting effects of foreign producers dumping into the domestic market."