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Malaysian Palm Oil Council CEO Kalyana Sundram asked the EU to reclassify oil palm cultivation, which the EU has labelled high-risk across all plantations. He said Malaysia prefers a negotiated outcome but is keeping other options open.
Continued dispute over EU palm oil classification keeps demand uncertainty elevated, a mildly bearish factor for palm oil prices.
themalaysianreserve.comDayang NorazharMay 30, 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.
