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Malaysia has launched a lobbying and public relations campaign to defend its palm oil industry against EU sustainability rules that would phase out palm oil from renewable fuels by 2030. Malaysia and Indonesia together produce about 85% of world palm oil.
The EU phase-out targets a large share of palm demand, and the defensive campaign signals ongoing uncertainty over palm oil export outlets, which weighs on palm prices.
aljazeera.comReutersAug 21, 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.
