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The EU defended its planned palm oil biofuel cap in response to Jakarta's objections, saying it is based on 2008 to 2015 deforestation data showing palm oil linked to 45 percent of oil palm expansion in high carbon stock areas. The bloc says certified low-risk palm oil can still receive incentives and that the measure is not aimed at specific feedstocks.
The EU is holding to its palm biofuel restriction despite producer objections, keeping pressure on palm oil demand from the bloc's biodiesel market.
thejakartapost.comNews DeskMar 22, 2019After 400 past bearish policy events, PALMOIL 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, SBO 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.
