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Golden Agri-Resources chairman Franky Widjaja warned that EU limits on palm oil in biofuels will backfire by hurting growers and reducing future supply. He argued that alternative oilseeds cannot meet rising food and fuel demand.
Indonesia and Malaysia, which supply about 85% of world palm oil, have threatened retaliation.
The dispute raises the risk of trade retaliation against EU-bound supply, which could tighten palm availability and support prices if it escalates.
businesstimes.com.sgMay 5, 2019After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
