Jun 20, 2014 - Argentina's government has again reduced export taxes for biodiesel, encouraged by increased sales after the previous reduction in May, local agriculture news site Valor Soja reported.
The tax decreased to 9.36% on Thursday, compared to 11.07% until then and 21.75% until May 20.
Since the beginning of 2014, the sector has declared biodiesel exports of 924,092 tonnes for USD 754 million (EUR 555.4m), 44% of it after the reduction in May.
The move reportedly allowed local exporters to resume sales to Spain despite anti-dumping duties against Argentine biodiesel since the end of 2013. The sector continued exploring new markets as well.
(USD 1 = EUR 0.737)
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Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.