August 22, 2017 / 9:45 PM / in 2 months

U.S. duties to halt Argentine biodiesel exports - industry

BUENOS AIRES (Reuters) - Argentina’s biodiesel association Carbio said on Tuesday a U.S. decision to impose duties ranging from 50.29 percent to 64.17 percent on imports of biofuel from Argentina would result in the immediate suspension of exports to the United States.

Carbio President Luis Zubizarreta denied biodiesel exports were subsidized in a statement, calling a preliminary finding by the U.S. Commerce Department “unjustified” and “protectionist.”

Reporting by Maximiliano Rizzi and Caroline Stauffer; Editing by Sandra Maler

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