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Palm Oil Monitor reports that EU officials are considering delaying the Delegated Act on biofuels that would classify palm oil as high risk. DG Energy reportedly plans to treat palm oil as high risk by default, with deforestation criteria determining any low-risk designation.
The approach under consideration could raise WTO questions.
A high-risk classification would restrict palm oil use in EU biofuels, reducing demand and pressuring palm prices. A delay would prolong uncertainty for palm oil markets.
palmoilmonitor.orgKhalil Hegarty, Pierre Bois d’EnghienJan 7, 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.
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.
