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ECOS, an environmental NGO, published feedback on the European Commission's draft delegated act labelling palm oil biofuels as high ILUC risk. The group welcomed the step but criticized its narrow scope, noting only palm oil is covered and palm oil can be certified low risk under vague criteria.
The EU classification restricts palm oil use in EU biofuels, reducing demand for palm oil and related vegetable oils, which is bearish for palm oil prices while soy oil remains outside the restriction.
ecostandard.orgApr 11, 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
