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Malaysia's Primary Industries Minister Teresa Kok urged the European Commission not to table its delegated act to phase out palm oil in biofuels at the April European Parliament sitting. Malaysia has presented technical arguments to the EC, calling its methodology scientifically unsound.
A possible EU phase-out of palm-based biofuel would cut a major demand outlet for palm oil, so the outcome of the April vote is a key risk for palm prices.
themalaysianreserve.comDzulMar 14, 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.
