Indonesian palm oil associations urged the government to adopt pro-industry policies amid global economic recession and trade barriers. They cited a WTO dispute (WT/DS 593) against the EU's RED II, which is stalled because the WTO appellate body lacks arbitrators.
Global vegetable oil output in the first quarter fell about 2% to around 58 million tonnes.
Weaker global demand and EU biofuel barriers limit export outlets for palm oil, which is bearish for prices. Lower vegetable oil output partly offsets that pressure.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.