The Colombian Ministry of Commerce, Industry, and Tourism (MINCIT) this weekend announced it 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.”
About The U.S. Grains Council
The U.S. Grains Council develops export markets for U.S. barley, corn, sorghum and related products including distiller’s dried grains with solubles (DDGS) and ethanol. With full-time presence in 28 locations, the Council operates programs in more than 50 countries and the European Union. The Council believes exports are vital to global economic development and to U.S. agriculture’s profitability. Detailed information about the Council and its programs is online at www.grains.org.