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An opinion piece argues that an EU ban on palm oil biofuels would not by itself stop deforestation in Asian rainforests. It notes that Indonesia and Malaysia supply about 85 percent of global palm oil trade and that the proposed ban could reduce demand.
EU phase-out of palm oil in biofuels would cut a major demand source, which is bearish for palm oil over time, though the article is mainly analysis rather than a new decision.
theconversation.comElizabeth Robinson, Herry PurnomoMay 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.
