Archer Daniels Midland Company (NYSE: ADM) today praised the
International Trade Commission after it voted to advance an
investigation into biodiesel exports from Argentina and Indonesia.
“As one of the petitioners on this important industry initiative, we are
pleased to see that the ITC has taken the first step toward imposing
countervailing and antidumping duties on biodiesel imported from
Argentina and Indonesia,” said Ray Bradbury, president of risk
management for ADM’s Corn Processing business and president, North
America biodiesel. “The facts clearly show that Argentina and Indonesia
are engaging in unfair trade practices, and we are confident that duties
will be imposed when the final decision is made.
“This process exists to prevent export practices that injure workers in
the importing countries—in this case, the United States. American
farmers, American workers and American biodiesel can and should have a
free and fair playing field."
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve the vital
needs of a growing world. Today, we’re one of the world’s largest
agricultural processors and food ingredient providers, with
approximately 32,000 employees serving customers in more than 160
countries. With a global value chain that includes approximately 500
crop procurement locations, 250 ingredient manufacturing facilities, 38
innovation centers and the world’s premier crop transportation network,
we connect the harvest to the home, making products for food, animal
feed, industrial and energy uses. Learn more at www.adm.com.
Archer Daniels Midland Company