1 September, 2008

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Last month external argentineans biodiesel sales were declared for 101.280 tons at an average pondered value of 1381 u$s/ton versus 1279 u$s/ton in July. In the first eight months of 2008 the registrations of exports ascend to almost 700.000 tons. In August of 2008 argentinean biodiesel exports were declared for 101.280 tons at an average pondered value of 1381 u$s/ton, with a minimum of 820 u$s/ton and a maximum of 1590 u$s/ton. 96% was destined to USA and the 4% remaining to Europe (Holland).Â

In July of 2008 argentinean biodiesel exports had been declared for 125.135 tons at an average pondered value of 1279 u$s/ton. The data correspond to the tariff position 3824.90.29.100P of the SIM/Afip.Â

In the eight first months of 2008 external sales of biodiesel were declared for a total of 693.944 tons.Â

In the Argentina two big biodiesel elaborating companies operate that, at the moment, are those that carry out most of the shipments. It is Renova, located in San Lorenzo (Santa Fe) and property of Glencore and Vicentín. The other one is Ecofuel, located in Puerto San Martin, Santa Fe, and controlled by Aceitera General Deheza and Bunge.Â

Up to last March 12th the external sale of the biofuel was burdened with a retention of 5,0% and enjoyed a refund of 2,5% (that is to say it was entitled a net of 2,5%). Starting from March 13th -according to resolution 126/08 of the Ministry of Economy- it passed to have a nominal retention of 20,0% (17,5 &%net).Â

Meanwhile, starting from last July 29th the export right on the soya bean is of 35,0% and on the soya oils (raw and refined) of 32,0%. Â

Source: Infocampo

This article is dated Monday, September 1st, 2008 4:01 pm under , Antioquia, corn, green-bonds, www.nextfuel.com.ar.
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