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The European Parliament is moving to ban palm oil in biofuels, and British grocer Iceland has pledged to stop using the oil. Indonesian and Malaysian smallholders warn of losses as prices fall.
About half of the palm oil used in Europe last year went into biofuels.
Losing a major EU biofuel outlet cuts palm demand and adds pressure to palm prices, with producers in Indonesia and Malaysia most exposed.
businesstimes.com.sgSep 24, 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.
