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Malaysia and Indonesia have responded aggressively to the EU RED Delegated Act that excludes palm-based biofuel. Options under discussion include a joint letter, a WTO action, diplomatic missions and possible trade retaliation, and Indonesia is reviewing its EU trade agreement.
Possible trade retaliation and a WTO dispute add uncertainty to palm oil trade flows and EU demand, a bearish risk for palm prices.
palmoilmonitor.orgPierre Bois d’Enghien, Khalil HegartyApr 2, 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.
