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The WTO accepted Malaysia's request to establish a panel reviewing an EU law that restricts palm oil-based biofuels. Indonesia filed a related complaint in December 2019, and the EU aims to phase out palm oil fuels by 2030.
The EU biofuel restriction limits palm oil demand in Europe, and a WTO panel could influence whether that demand is curtailed, affecting palm oil prices.
worldbiomarketinsights.comWorld Bio Market InsightsJun 16, 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.
