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The European Commission restricted which palm-based biofuels count toward EU renewable energy goals and introduced a certification system. Indonesia and Malaysia, which together supply 85% of the crop, have warned they are ready to retaliate.
Restricting palm biofuel eligibility in the EU cuts demand for palm oil, and threatened retaliation raises the risk of wider trade disruption.
bloomberg.comEwa KrukowskaApr 1, 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.
