Argentina’s biodiesel exports soar under new president’s policies

In Argentina, the country’s new president has implemented new policies during his first few months in office that has helped agricultural exports, including biodiesel, to soar. Biodiesel exports jumped 107% since coming into office to $126 million. The country is trying to promote value added processing rather than exporting basic commodities so a 30% tax on soybean exports has helped to stall exports to 35 million tons, 30% higher than last year during the same period.

Category: Fuels