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MPOB says the EU Deforestation Regulation (EUDR) will not affect Malaysian palm oil growth or revenue. Malaysia and Indonesia collaborated under the CPOPC umbrella to push back on the EU's narrative.
Domestic demand in Indonesia remains strong under its domestic market obligation and B30 biodiesel mandate.
Strong Indonesian domestic biodiesel demand supports palm oil supply absorption and limits downside from EU trade restrictions. The price impact is modest.
asia-palmoil.comAsia Palm Oil MagazineSep 26, 2023After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
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.
