◂ Event Timeline

Dec 3, 2018POLICYEU

The low-ILUC loophole could allow business-as-usual palm oil imports for biodiesel in Europe - International Council on Clean Transportation

The ICCT argues that the RED II low-ILUC certification could let palm oil producers qualify as low-risk biofuel feedstock even if palm is classed as high-ILUC. The Commission must set high and low ILUC criteria by February 1, 2019.

WHY IT MATTERS

Loopholes in low-ILUC certification could preserve palm oil biodiesel demand in Europe, limiting the bearish impact of a high-ILUC designation. The outcome will shape European vegetable oil biofuel demand.

AFFECTSPALMOIL◆SBO◆

SOURCE
theicct.orgBy: Chelsea BaldinoDec 3, 2018

Price reaction & history

PALMOIL◆neutralSO FAR1d -1.5%5d +0.3%20d +7.6%

After 513 past neutral policy events, PALMOIL moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.

Sep 20, 2021European Commission to ban beef, soy and palm oil imports linked to deforestation | Eurogroup for Animals+1.0%
Jan 27, 2023Indonesia wants palm oil exporters to trade on local exchanges - The Business Times-1.9%
Jul 7, 2022EU Council general approach on the European Imported Deforestation Regulation approved - Iniciativa Española Empresa y Biodiversidad-4.4%
May 5, 2019Palm oil titan warns EU limits on biofuel use will backfire - The Business Times-1.1%
Jan 13, 2023Explainer: Why Malaysia is considering a ban on palm oil exports to the European Union+0.1%

SBO◆neutralSO FAR1d +1.8%5d +2.5%20d +0.3%

After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.

PALMOIL · GP ▸

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SBO · GP ▸

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