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Latest From F O Licht staff
The EU biodiesel sector plans to react on the recent decision by the European Commission's trade defence committee to lower the anti-dumping (AD) duties on Argentine biodiesel by September 28, 2017, industry sources have said.
A European Union panel has voted to cut the anti-dumping (AD) duty rates on biodiesel imports from Argentina. The new rates, ranging from 4.5-8.1%, should be introduced by September 28, the European Commission has said.
EU sugar producers are facing the prospect of marketing a massive 2017 crop predominantly within the boundaries of the bloc, with exports currently unprofitable (reports Agra Europe’s sister analyst F.O. Licht).
The European Commission plans to appeal to EU member states for special measures to prevent a short-term crunch in sugar supplies, just months before the bloc will harvest its biggest crop in more than ten years.
There is a considerable amount of uncertainty in store for the sugar sector over the next two years (and beyond) should the UK and EU fail to agree on a future trading relationship in Article 50 negotiations and ‘fall back’ on World Trade Organization (WTO) terms.
The European Commission's crop monitoring service, Mars, has forecast that the average soft wheat yield in the bloc would jump above average this year, more than offsetting a poor crop last year when adverse weather hammered harvests.