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Indonesian President Joko Widodo delayed signing a revised ISPO palm oil sustainability regulation after NGOs criticised it as weaker. He did sign a three-year moratorium on new palm oil plantation permits and a review of existing permits.
A three-year halt on new plantation permits limits future Indonesian palm output growth, which is supportive for palm oil prices over the medium term.
eia-international.orgEIASep 28, 2018After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
