Loading…
Indonesian Palm Oil Association chairman Joko Supriyono called the EU's RED II criteria discriminatory, saying the ILUC methodology is unclear. The EU plans a gradual reduction of Indonesian palm oil imports from January 2024, and Indonesia is considering a WTO challenge.
The planned EU phase-down of palm oil imports from Indonesia reduces an important export outlet, which is bearish for palm oil prices.
voanews.comAmanda SiddhartaApr 6, 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.
