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An opinion piece argues that the EU should drop trade barriers to deepen its partnership with ASEAN, noting the bloc's elevation to strategic partner in December 2020. It cites Indonesia's reliance on palm oil exports and criticises EU proposals targeting palm oil.
EU trade restrictions on palm oil, including biofuel and deforestation measures, could reduce Indonesian and Malaysian export access and shift vegetable oil flows. The article is commentary, so the immediate price effect is minimal.
thecspo.orgMay 27, 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.
