Argentina biodiesel exports surge as sales to U.S. grow

martes 6 de septiembre de 2016 18:02 GYT

* Exports to U.S. compensate for lost shipments to Europe

* Peru, No. 2 market, weighs anti-dumping measures

By Maximilian Heath

BUENOS AIRES, Sept 6 (Reuters) - Argentina's biodiesel exports could increase by up to 80 percent in 2016 from a year earlier to 1.4 million tonnes thanks to growing sales to the United States, industry representatives said.

Argentina is a leading exporter of the biofuel but shipments have lagged in recent years because of anti-dumping duties imposed by the European Union.

Exports to the United States helped compensate for lost exports to the EU this year after the United States altered rules for importing biofuel from Argentina.

"The increase in the Argentine biofuel exports have been notable.. If they continue at this rate (global) exports could reach some 1.4 million tonnes," said Claudio Molina, executive director of the Argentine biofuel's association.

Last year Argentina exported just 800,000 tonnes. In just the first half of 2016, exports reached 590,000 tonnes.

According to the Argentine chamber of biofuels, which counts global companies like Cargill and Bunge as members, exports will likely reach 1 million tonnes in 2016, with between 75 and 80 percent going to the United States.   Continuación...