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Indonesia's Trade Ministry said the government is preparing to challenge the EU's RED II renewable energy directive and its indirect land use change rules at the WTO. The measures would restrict palm-based biofuels, which the ministry says harm Indonesian palm oil industries.
A WTO challenge and EU biofuel restrictions on palm feedstock would weigh on palm oil demand from the EU, a bearish signal for palm oil prices, though the case is at the preparation stage.
en.infosawit.comOct 11, 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.
