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An opinion piece argues that biofuels made from sustainable palm oil could help the EU decarbonize shipping, responding to a leaked draft of the EU's green fuels law. It notes criticism from NGOs and the shipping industry over the draft's fuel choices.
If palm-based biofuels were accepted under EU shipping fuel rules, demand for palm oil could rise, but the draft is contested and not final. Price implications are speculative at this stage.
theparliamentmagazine.euJul 6, 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.
