The Colombian Ministry of Commerce, Industry, and Tourism will impose duties of $0.1997/gallon on U.S. ethanol exports to Colombia.

The following is a joint statement from leadership of the U.S. Grains Council, Growth Energy and the Renewable Fuels Association:

“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. MINCIT’s decision was not supported by evidence and raises questions regarding the Ministry’s compliance with standard CVD procedures.

“The U.S. 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.”

Source: U.S. Grains Council, Renewable Fuels Association, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.