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Palm Oil Monitor reports that the EU-ASEAN relationship has broken down over palm oil, with Malaysia and Indonesia backed by ASEAN allies. An EU-ASEAN ministerial ended in acrimony, and a Malaysia-EU partnership agreement was delayed.
Trade tension between the EU and major palm producers raises the risk of retaliation or tariffs, which would weigh on palm oil export flows and prices.
palmoilmonitor.orgKhalil Hegarty, Pierre Bois d’EnghienFeb 4, 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.
