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Rainforest Foundation Norway released a report arguing palm-based biodiesel could cause 5 million hectares of Indonesian forest loss by 2030. The article says this comes as Brussels and Geneva debate the legality of the EU Renewable Energy Directive Delegated Act.
It also frames the report as complicating the EFTA-Indonesia trade deal.
Pressure on palm-based biofuel policy and the EFTA-Indonesia trade deal could affect future demand for palm oil in EU biodiesel, a modest bearish risk for palm oil prices.
palmoilmonitor.orgKhalil Hegarty, Pierre Bois d’EnghienMar 23, 2020After 400 past bearish policy events, Palm Oil 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.
