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Bernama reports that the Malaysian Palm Oil Council welcomed the amended EU draft but asked the EU to recognise national certification such as MSPO and allow more time for implementation. The council stated the measure would shield importers of Malaysian palm oil from liability for cause and harm.
A possible implementation delay or recognition of national certification would ease compliance burdens on Malaysian palm oil, limiting the potential reduction in EU demand.
bernama.comNov 16, 2022After 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.
