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The EU's Renewable Energy Directive II is causing palm oil tensions with Indonesia and Malaysia, who are seeking ASEAN support and considering a WTO challenge. Southeast Asian growers fear a lasting decline in palm oil exports to the European Union.
Expected lower EU palm imports due to deforestation rules shift demand toward other markets and could weigh on palm oil prices over time.
thediplomat.comNaila Maier-KnappMar 2, 2020After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% 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.
