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Indonesia's palm oil association GAPKI submitted its opposition to the EU Forests Regulation proposal. It argues that unilateral EU measures would disrupt trade and undermine the recent EU-ASEAN Strategic Partnership.
If the EU rules take effect, Indonesian palm oil exports to Europe could face restrictions or added costs, which would tighten EU supply and support prices. The outcome is uncertain, so the impact is low for now.
biofuelsdigest.comDec 27, 2020After 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.
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.
