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The European Parliament adopted a resolution calling for EU action on legal and sustainable commodities, including palm oil. EIA argues that RSPO and ISPO certification schemes need to tackle illegality, citing studies that link many commodity exports to illegally cleared forests.
Growing pressure for legality checks could raise compliance costs and tighten palm oil supply to Europe, a modestly bullish factor for palm prices.
eia-international.orgEIASep 17, 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.
