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Analysts say the EU's 8% to 18% countervailing duties on Indonesian biodiesel are unlikely to escalate into a full trade war, since Indonesia's retaliation would hurt its own economy more. Indonesia's shipments to the EU are far larger than the reverse.
Limited escalation suggests the palm biodiesel restriction persists without a major retaliation shock, so palm oil price pressure stays moderate.
dw.comAshutosh PandeySep 1, 2019After 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.
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.
