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The WTO agreed in May to review a trade dispute brought by Malaysia against the EU over rules excluding palm oil biofuel from renewable energy targets. Indonesia filed a similar complaint in 2020 that is also under review.
The dispute concerns EU biofuel rules that limit palm oil demand, so its outcome could shift palm oil export flows and prices.
thediplomat.comJames GuildJun 8, 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.
