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A coalition of Indonesian NGOs urged the EU to back extending and strengthening Indonesia's palm oil expansion moratorium, which expires in September 2021. The moratorium covers new permits and expansion of plantations in forest areas.
A stronger moratorium would constrain future palm oil supply growth from Indonesia, the largest producer. This is a longer-term supportive factor for palm oil and vegetable oil prices.
fern.orgJul 14, 2021After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), 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.
