Loading…
Malaysia will take legal action at the World Trade Organization against EU restrictions on palm oil-based biofuels, calling the policy discriminatory. The dispute targets the EU's phase-out of palm-based biofuel use for transport.
The dispute adds uncertainty to Malaysian palm oil export access to the EU, a key market for biofuel feedstock, which is mildly bearish for demand outlook but may not change near-term flows.
go.kompas.comDezy Rosalia PiriJul 13, 2020After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
