Market News 
04.03.09
Oil Slips As Unemployment Increases
Oil slipped under $52 a barrel on Friday after surging by nearly 9% the day befo...
04.01.09
Billions Invested in Philippine Biodiesel
Over 12 companies have expressed interest in investing $1.1 billion in the Phili...
04.01.09
Argentine Farmers and Government Deadlocked
Argentine farmers and government leaders met again Tuesday, with both sides leav...
03.30.09
Argentine Farmers Lift Road Blocks
Argentine farmers have ended a week of road blockades, after President Cristina ...
03.30.09
Brazilian Farmers Using More Genetically Modified Soy
Brazilian farmers are using more genetically modified soy products in the 2008-0...
03.27.09
Philippine Coconut Oil Exports Fall
Philippine coconut oil exports fell for the eighth straight month in February du...
03.27.09
India Veg Oil Supplies Expected to Increase
Supplies of vegetable oil in India may increase as importers take benefit of dut...
03.27.09
US soy fell by more than 2% on Friday on news China was releasing soy from reser...
03.27.09
US Soy Crushings Down In February
US soybean crushings totaled 135.6 million bushels in February, according to dat...
03.26.09
India To Import 14% More Veg Oil
India is expected to import 14% more vegetable oil in the marketing year ending ...
Biofuels Escape Argentina Export Tax
11.14.07
Argentina has increased the export tax on soybeans, soy-based products, and corn, but not on biofuels, according to analysts.
The government raised the export tax on soy from 27.5% to 35%, and the tax on soy meal and soy oil exports from 24% to 32%. However, the export tax on soy-based biodiesel was left at 5%, with a 2.5% tax credit—an effective export tax rate of 2.5%.
The government also raised the tax on corn exports from 20% to 25%, while corn and sugar-based ethanol exports are taxed at an effective rate of 1%.
Argentina is expecting to quadruple biodiesel production next year, and by the end of the decade will be making 10 times the amount it produced in 2007, according to a report by the U.S. Department of Agriculture.
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