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Transport & Environment argues the European Commission is poised to allow another decade of palm oil use in diesel, despite 70% public opposition and a Parliament vote to exclude it. The Commission committed to proposing a delegated act by February 2019.
Continued EU allowance for palm biodiesel would support demand for palm oil, while a tighter outcome would cut it, so the decision bears directly on palm oil pricing.
transportenvironment.orgFeb 1, 2019After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% 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.
