Argentine government slaps export duties on soy

March 20, 2008

In Argentina, the national government will place a tax on soybean and soy oil sales, in an attempt to contain soaring local prices. Previously, increased controls were placed on beef exports, in an attempt to control prices, but led primarily to the conversion of land to the (then) tax exempt soybeans. The government said that its sliding scale of export duties would bring price stability, while farmers complained that it would reduce fund for investment in technology and land.

Indonesia slaps 20 percent export duty on crude palm oil

In Indonesia, the central government imposed a 20 percent tariff on export of crude palm oil, in an attempt to reduce prices in local Indonesia markets. The taxes will be imposed as of April 1, with t...

New Argentine biofuels bill to extend support to sugar industry

In Argentina, a new biofuels bill was introduced by the federal government extending biofuels incentives to the Argentine sugar industry. The national biofuels bill was signed in March, and mandates ...

Argentina projects biodiesel exports to rise 300% in 2008, to $1.1 billion

In Argentina, director of the Argentine Association of Biofuels and Hydrogen predicted exponential growth of biodiesel. Claudio Molina projected that exports will increase to $1.1 billion, up from 268...

50 percent of cultivated land in Argentina now used for soybean as beef export controls backfire

In Argentina, a restriction on beef exports aimed at reducing local beef prices has, instead, led to a conversion of 10 percent of Argentine ranchlands to soybean production. Soybean is not subject...

Doha round of world trade talks: US-Brazil deal on ethanol frustrated by US-India impasse over “emergency” duties

More details emerged on the breakdown of world trade talks in the Doha Round, the collapse of which have prompted fears of direct action at the WTO over ethanol subsidies. Participants said that the b...

Integrated Biodiesel Industries to build third plant in Argentina, with planned capacity of 38 Mgy

In Argentina, Integrated Biodiesel Industries announced it would build a third Argentine plant, by retrofitting the Imperial Chemical plant in San Lorenzo, 180 miles north of Buenos Aires. The plant i...

Written by Jim Lane · Filed Under International