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Malaysia filed a WTO request for consultations with the European Union, France and Lithuania on 15 January 2021 over measures on palm oil and palm-based biofuels. Malaysia argues the EU's rules on crop-based biofuels violate several WTO obligations.
Malaysia is also keeping open the option of challenging other EU member states.
The dispute could restrict palm oil access to EU biofuel markets, although its immediate price impact depends on how the case develops. Buyers should watch for changes to EU palm-based demand.
currentthoughtsontrade.comTerence P. StewartJan 19, 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.
