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Malaysia threatened a WTO challenge if the EU proceeds with plans to phase out palm oil from transport fuel, calling it a calculated political act. Indonesia has also threatened a WTO challenge over the Commission's plan, which cites deforestation concerns.
Escalating threatened WTO action over EU palm biofuel restrictions adds uncertainty to palm oil export demand from Europe.
staging.malaysiakini.comReutersMar 16, 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.
