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Indonesia and Malaysia, which together produce about 85% of global palm oil, object to the EU's Delegated Act and argue it breaches WTO free trade rules. Malaysian Primary Industries Minister Teresa Kok called the move protectionism unsupported by science.
The threat of WTO action and a potential biofuel phase-out adds uncertainty over EU palm oil demand, a bearish factor for palm oil prices.
malaysiakini.comSC Chin, Research writerMay 14, 2019After 400 past bearish policy events, PALMOIL 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.
