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Industry group EPOA is calling for mandatory EU-wide due diligence to push European palm oil use to 100% sustainable. The article notes most European food palm oil is already certified, while about 40% of palm oil used across food and non-food products is not.
If mandatory due diligence is adopted, non-certified palm oil imports could face extra barriers, tightening EU palm supply and supporting palm prices.
foodnavigator.comFlora SoutheyJun 8, 2020After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), 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.
