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An opinion piece argues the EU is preparing a rule to classify biofuels as high or low risk for indirect land use change, which could block palm oil from African and Asian producers from the EU market. The EU had earlier allowed palm oil to remain in its renewable energy mix, but with this caveat.
If palm-based biofuels are labelled high risk, EU demand for palm oil used in biofuels could shrink, weighing on palm oil prices and shifting flows toward other vegetable oils.
punchng.compunchngOct 17, 2018After 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.
