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Finland cut its 2022 and 2023 biofuel blending mandate by 7.5 percentage points to 12%, the largest such cut in the EU so far. The move follows a European Commission statement allowing member states to relax mandates to ease land-use pressure, and other states such as Hungary are reviewing their obligations.
Weaker EU blending mandates reduce expected biofuel feedstock demand for vegetable oils and could pressure vegetable oil prices if other member states follow.
fastmarkets.comJohn McGarrityApr 13, 2022After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
