Market News

11.04.08

Indonesia May Restrict Biofuel Exports

Indonesia may restrict biofuel exports to ensure sufficient supplies in the dome...

11.03.08

Brazil Biodiesel Mandate Expected to Impact Exports

In Brazil, three months after the government mandated biodiesel blends at servic...

10.31.08

Crude Oil Heading For 37% Decline on Month

Crude oil is poised for its largest monthly drop since trading began in 1983, on...

10.29.08

European Commission May Amend Biofuel GHG Allowance

The European Commission is reportedly preparing to amend its values for the amou...

10.28.08

US Gasoline Prices Down

The average price of regular gasoline in the US fell to $2.78 a gallon as the gl...

10.27.08

Fiji Plans Biodiesel Initiative

A $174 million biodiesel initiative to reduce Fiji’s reliance on imported diesel...

10.24.08

US Farm Belt Hit By High Costs

The Farm Belt in the US Midwest, one of the hottest parts of the US economy in r...

10.23.08

CPO Prices Could Go Lower

A London-based vegetable oil analyst said that CPO prices may fall to $338/mt if...

10.22.08

Oil Prices Fall Below $70

Oil prices fell below $70 Wednesday on worries about energy demand amidst slowin...

10.21.08

West Africa Could Benefit From Bioenergy Development

Combating poverty through the development of sustainable bioenergy is a viable o...

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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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