Colombian Ministry of Commerce, Industry, and Tourism (MINCIT) this weekend announced it will impose duties of $0.1997/gallon on US ethanol exports to Colombia.
US grain and fuel associations are discouraged by the new duty.
“While we have cooperated fully with investigating authorities in Colombia to demonstrate these final duties are unjustified, the Colombian government sided with Colombia’s ethanol industry,” the US Grains Council, Growth Energy and the Renewable Fuels Association (RFA) said in a joint statement. “MINCIT’s decision was not supported by evidence and raises questions regarding the Ministry’s compliance with standard CVD procedures.
“The US ethanol industry remains committed to our partners in Colombia, continuing to help the country meet its blending targets and providing benefits to Colombian consumers so they may access a clean, renewable and affordable fuel.”