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Malaysia's industry ministry said it may take a WTO complaint and review ASEAN-EU relations if the EU continues discriminating against palm oil. Malaysian palm futures slid for a sixth session to three-month lows on weaker expected Indian demand and rising domestic output.
Threatened trade retaliation against EU palm oil rules and softer Indian demand both weigh on palm prices, while higher Malaysian output adds supply pressure.
prestasisawit.mpob.gov.myMar 14, 2019After 158 past bearish trade events, PALMOIL 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.
