Nov. 19 at 8:53 PM
Shares of Darling Ingredients, Archer-Daniels-Midland, and Bunge Global fell 3.1%, 5.3%, and 4.1% respectively after a Reuters report that the Trump administration is considering delaying proposed cuts to biofuel import incentives. The EPA is reportedly evaluating postponing the reductions until 2027 or 2028 instead of the planned January 1 start, which would halve the value of renewable fuel credits for imported biofuels compared to domestic ones. The agency is reviewing public comments before finalizing rules, while the White House has not commented.
The potential delay is significant for the biodiesel sector, which relies on imports to meet federal mandates. U.S. refiners argue the cuts could raise costs and reduce supply, with groups like the American Petroleum Institute warning that limiting foreign credits may tighten availability and push fuel prices higher.
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