Loading…
Nestle, Unilever and Mondelez are testing satellite monitoring to track deforestation in palm oil producing countries such as Malaysia and Indonesia. Industry views on the effectiveness of these systems are mixed, and buyers are working to meet a 2020 zero net deforestation pledge.
Sourcing restrictions tied to deforestation could tighten the supply of certified palm oil over time, but this has little immediate price effect.
straitstimes.comFeb 11, 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.
