US agri trader Bunge is cutting biodiesel production at its German facility, the latest company to do following a surge of imports from Indonesia and Argentina.
The firm said it was expecting to cut production at its 120,000 tonnes/year Mannheim refinery by 50% in the second quarter of 2018, Reuters wrote on 16 May.
Bunge added that it would review production and make further changes if necessary as time went on.
Bunge joined Archer Daniels Midland (ADM) and German biofuels firm Natural Energy West (NEW) in cutting production after the EU removed import tariffs on Argentine and Indonesian biodiesel in March, leading to a surge of imports into the European market.
In March, ADM suspended production at its 275,000 tonnes/year facility in Mainz, while NEW slashed production by half at its Marl plant in April.
EU biodiesel producers had called the Argentine and Indonesian imports unfair due to state support enabling them to sell the fuel at lower prices in Europe, said Reuters.