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Indonesia is pursuing a new strategy through the ASEAN-EU Joint Working Group to counter what it sees as discrimination against palm oil in the EU market. Officials cite obstacles including the EU's Renewable Energy Directive II.
The government wants palm oil treated under the same standards as other vegetable oils.
EU trade barriers on palm oil, including RED II limits, could reduce Indonesian export demand and support palm oil prices relative to competing vegetable oils.
gapki.idadminJan 5, 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.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.
