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Under the updated EU Renewable Energy Directive, palm oil imports are expected to peak next year and then decline from 2023, being phased out by 2030. About 40% of Europe's imported palm oil is used as transport fuel under biofuel mandates.
A planned EU phase-out of palm oil in biofuels is a structural bearish factor for palm oil demand from Europe, which is a major biofuel feedstock market.
europeaninterest.euTheodoros BenakisSep 10, 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.
