Loading…
The Palm Oil Monitor weekly update reviews the European Parliament elections held 23-26 May, which increased Green representation from 52 to 69 seats and weakened the two largest blocs. It argues the new makeup will shift EU attitudes toward palm oil through the Parliament and Commission.
A greener EU Parliament could tighten palm oil sustainability policy, reducing demand from European buyers over time and weighing modestly on palm oil prices.
palmoilmonitor.orgKhalil Hegarty, Pierre Bois d’EnghienJun 3, 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.
