BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Agriculture

EU repeals antidumping duty on US ethanol

Agriculture | Grains | Energy | Thermal Coal | LNG | Natural Gas | Oil | Crude Oil | LPG | Refined Products | Petrochemicals | Shipping | Tankers

Market Movers Asia, Jun 24-28: Trump, Xi to meet at G20 summit; US to announce additional sanctions on Iran

Agriculture | Biofuels

Platts Biofuelscan

Commodities | Agriculture | Biofuels | Sugar

Miami Sugar Conference, 6th Annual

Agriculture | Grains

La cosecha de soja de Argentina, finalizada al 98,5%; previsto un aumento de las exportaciones del 267% interanual

EU repeals antidumping duty on US ethanol

Highlights

The European Commission has repealed the antidumping duty of Eur62.30/mt on US ethanol imports, taking effect Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The duty was in place for five years from February 2013, followed by a 15-month expiry review.

The European ethanol association, ePURE, said in a statement that the decision is harmful for the domestic ethanol industry and the entire value chain that depends on it. ePURE said the risk is increased, as other destinations for US exports including Brazil, China, Peru and Colombia have in place, or are considering, measures against US imports.

Most market participants had expected the duty to be removed as there were no grounds for dumping, and this had already been weighing on the forward price curve. But many think the repeal will not necessarily result in a flurry of imports from the US.

Over the period the duty has been in place, arbitrage opportunities have been limited and have mostly opened in recent months. But even then, Europe's requirements for ISSC certification and a minimum of 50% greenhouse gas savings limits US product that is eligible.

In addition, the steep backwardation in the T2 market, combined with logistical constraints, are seen as major hurdles that are expected to dampen the effect of the duty removal.

-- Chrysa Glystra, chrysa.glystra@spglobal.com

-- Edited by James Burgess, newsdesk@spglobal.com