According to one U.S. Senator, American biodiesel and soybean producers are being hurt by unfair international trading practices.
Senator Claire McCaskill specifically cited Missouri during her testimony to the U.S. International Trade Commission, as part of their investigation into biodiesel trade involving Argentina and Indonesia. McCaskill claimed that hundreds of millions of gallons of Argentinian and Indonesian biodiesel were being unfairly dumped into U.S. markets. She said Missouri is the nation’s third largest producer of biodiesel. The increase in imports, purportedly up by 463 percent recently, would capture more than 20 percentage points of market share from U.S. producers.
McCaskill called on the commission to finalize duties that have been preliminarily put in place on soy-based and palm-based biodiesel products from foreign sources.