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The European Palm Oil Alliance published a position paper backing EU-wide regulatory measures to make deforestation-free palm oil the norm in Europe. It notes that 83% of palm oil imported for food by European refiners in 2018 was certified sustainable.
The group calls for due-diligence obligations applied equally to all vegetable oils.
Industry support for mandatory due diligence suggests EU palm oil import rules are likely to advance. Stricter rules could shift vegetable oil sourcing and affect palm oil and competing oil prices over time.
palmoilalliance.euApr 28, 2021After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
