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A Danish report says an EU renewable fuel rule will push Denmark toward imported palm oil for diesel from next year, and that critics argue this drives rainforest burning. The article notes that palm oil use is tied to the EU's biofuel targets.
The EU rule shifts biodiesel feedstock demand, and the rule's effect on palm oil and diesel costs in Denmark is a modest factor for vegetable oil prices.
nyheder.tv2.dkEmil Ellesøe DitzelNov 18, 2019After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% 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.
