NEWS
South America Calling
Alastair Stewart South America Correspondent
Wed Jun 11, 2014 02:46 PM CDT

Argentina's biodiesel industry had a terrible year in 2013 after the European Union hiked tariffs on shipments amid claims of dumping.

Exports of the soybean-derived fuel slumped last year and Argentina lost the crown as world's No. 1 supplier to Indonesia.

But things are looking up in 2014.

In late May, Argentina's government cut biodiesel export tariffs from 21% to 11% in a move that will cause shipments to surge 30% to 1.5 million metric tons (mmt), according to the Argentine Biofuels Association.

In a separate boost to production, Congress suspended taxes on local biodiesel use, which was levied at ...

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