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Malaysia, Indonesia, Thailand, Costa Rica and Colombia asked the EU to suspend its biofuel sustainability measure at a WTO Goods Council meeting on April 15. The European Commission replied that the measure aims to cut transport carbon and bans no specific biofuel.
The dispute keeps uncertainty over EU palm oil biofuel demand alive, which weighs on palm oil prices, though no immediate change in the measure has occurred.
agenceurope.euApr 15, 2019After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.
