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European Palm Oil Alliance members met in Madrid and called for food companies and retailers to meet the 2020 goal of using only certified sustainable palm oil. Industry figures said 74% of palm oil entering Europe for food was certified sustainable in 2017.
Pressure for certified sustainable sourcing and calls for bans may affect the palm oil premium and EU food demand, though the effect is gradual.
confectionerynews.comAnthony MyersOct 12, 2018After 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.
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.
