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An explainer on palm oil sustainability certification, noting that about half of EU palm oil imports in 2018 went to biodiesel. It says that demand is set to decline because the EU no longer treats palm oil as a renewable fuel.
Shrinking EU biodiesel demand for palm oil is a bearish factor for palm oil prices, and it may shift vegetable oil demand toward soy oil.
dialogue.earthMike ShanahanNov 5, 2019After 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.
