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The WTO agreed to Malaysia's second request to set up a dispute panel examining the EU's renewable energy directive, which restricts palm oil-based biofuels. Malaysia and Indonesia, which together produce 85% of world palm oil, argue the measures are discriminatory.
A panel typically takes about six months to report.
The dispute keeps uncertainty over EU palm biofuel demand in place for months, but a ruling is not expected soon, so the immediate price effect is limited.
gapki.idadminAug 2, 2021After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
