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The Malaysian Palm Oil Council describes how the EU's RED II renewable energy directive phases out palm-based biofuels by 2030, classifying palm oil as high indirect land-use change risk. It notes that some EU member states are moving to phase it out early.
The page is an overview of current status.
Early EU phase-outs reduce demand for palm oil in biodiesel, which is bearish for palm oil prices and supports the case for diverting palm to other uses.
mpoc.org.mynetmoreAug 9, 2021After 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.
