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The Indonesian palm oil association submitted comments to the EU Trade Policy Review, arguing that the EU has singled out palm oil in deforestation and certification reviews. It says palm oil is unfairly targeted to protect EU oilseed producers.
Possible EU measures targeting palm oil would reduce Indonesian export access and could support vegetable oil prices, while shifting demand toward other oilseeds, but the review is still at consultation stage.
indonesiapalmoilfacts.comClient ServicesSep 24, 2020After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), 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.
