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Reuters reports on growing tensions between Asian palm oil producers and the European Union over the deforestation regulation agreed on 6 December 2022. The regulation bans sale of palm oil and other linked commodities unless importers can show their goods did not damage forests.
The text provided is brief and only restates the December agreement.
Producer opposition raises the risk of trade friction and slower EU palm oil purchases, which could weigh on palm oil prices. The impact depends on how the rule is enforced.
reuters.comJan 13, 2023After 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.
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.
