
The European Commission imposed provisional countervailing duties of 8% to 18% on subsidized Indonesian biodiesel imports, with a definitive decision due by mid-December 2019. Indonesia's trade minister had responded by recommending 20% to 25% tariffs on EU dairy products.
Duties restrict Indonesian biodiesel access to the EU and may force producers to rework contracts, reducing palm oil demand for biofuel and pressuring palm oil prices.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.