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The EU released a draft Delegated Act under the Renewable Energy Directive, opening a four-week consultation. It sets a 2019 start, freezes high-risk biofuel use until 2023 and phases it to zero thereafter, and identifies palm oil expansion since 2008 as 45% forest-linked.
Palm oil used in EU road fuel faces a phase-out path, reducing a major biodiesel outlet and weighing on palm and soy oil demand and prices.
palmoilmonitor.orgPierre Bois d’Enghien, Khalil HegartyFeb 18, 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 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% 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.
